Southport Acquisition reports ~$198M in redemptions ahead of extension vote

Angel Studios, Inc.

Holders of 18,849,935 shares exercised redemption at ~$10.49/share, aggregate ~$198M.
Special meeting on June 9 to vote on extending deadline to Sept 14, 2023 (or March 2024).
Non-redemption agreements cover 4M shares in exchange for up to 1,499,996 sponsor Class B shares.
Third parties purchased 2,571,922 Class A shares in open market at prices ≤ redemption price.
Redemption requests deadline was 5:00 p.m. ET on June 7, 2023.

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