---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-069445"
form_type: "8-K"
ticker: "ANGX"
cik: "0001865200"
company_name: "Angel Studios, Inc."
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T05:18:50.946083+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-069445
- form_type: 8-K
- ticker: ANGX
- cik: 0001865200
- company_name: Angel Studios, Inc.
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865200/000110465923069445/0001104659-23-069445-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865200/000110465923069445/tm2318186d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-069445
- JSON: https://secwatch.observer/filing/0001104659-23-069445.json
- Plain text: https://secwatch.observer/filing/0001104659-23-069445.txt

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