---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-067112"
form_type: "8-K"
ticker: "ANGX"
cik: "0001865200"
company_name: "Angel Studios, Inc."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:45:32.612344+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Southport Acquisition Corp supplements proxy on excise tax risk for redemptions

## Summary
- Redemptions in extension vote may incur 1% excise tax under Inflation Reduction Act; Treasury guidance may exempt SPAC liquidations.
- Trust account funds won't be used to pay excise tax on redemptions before business combination or liquidation.
- If business combination closes, excise tax reduces post-combination operating cash; if no deal, company seeks alternative funds.
- Special meeting June 9, 2023 to consider extension from June 14, 2023 to Sept 14, 2023 or up to March 14, 2024.

## SEC filing metadata
- accession: 0001104659-23-067112
- form_type: 8-K
- ticker: ANGX
- cik: 0001865200
- company_name: Angel Studios, Inc.
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865200/000110465923067112/0001104659-23-067112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865200/000110465923067112/tm2317583d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-067112
- JSON: https://secwatch.observer/filing/0001104659-23-067112.json
- Plain text: https://secwatch.observer/filing/0001104659-23-067112.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.