---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-069898"
form_type: "8-K"
ticker: "ANGX"
cik: "0001865200"
company_name: "Angel Studios, Inc."
filed_at: "2023-06-09T23:59:59+00:00"
generated_at: "2026-06-14T04:18:54.978496+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Southport Acquisition extends deadline to Sep 14, 2023; $198M in redemptions

## Summary
- Extension approved to Sep 14, 2023, with board option to extend monthly up to Mar 14, 2024.
- Holders of 18,849,935 Class A shares redeemed at ~$10.49/share, total ~$198M.
- Vote: 20,479,579 for, 962,549 against; Adjournment Proposal not voted.
- Approximately 88% of shares present at meeting were redeemed, signaling low confidence.

## SEC filing metadata
- accession: 0001104659-23-069898
- form_type: 8-K
- ticker: ANGX
- cik: 0001865200
- company_name: Angel Studios, Inc.
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865200/000110465923069898/0001104659-23-069898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865200/000110465923069898/tm2318186d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-069898
- JSON: https://secwatch.observer/filing/0001104659-23-069898.json
- Plain text: https://secwatch.observer/filing/0001104659-23-069898.txt

## Key facts
- Governance Changes
  Angel Studios, Inc.: Amended certificate of incorporation to extend the deadline for consummation of initial business combination from June 14, 2023 to September 14, 2023, with board authority to further extend up to March 14, 2024 (effective 2023-06-09).
  - Change: charter amendment
  - Effective: 2023-06-09
  source text: On June 9, 2023, Southport Acquisition Corporation (the "Company") held a special meeting of stockholders (the "Special Meeting") to vote upon the Extension Amendment Proposal (as defined below). At the Special Meeting, the Company's stockholders approved the Extension Amendment Proposal, and promptly thereafter, the Company filed with the Secretary of State of the State of Delaware an amendment to its Amended and Restated Certificate of Incorporation (the "Extension Amendment") to implement the Extension Amendment Proposal.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865200/000110465923069898/0001104659-23-069898-index.htm
- Shareholder Votes
  Angel Studios, Inc. shareholders approved Amend charter to extend deadline to consummate initial business combination from June 14, 2023 to September 14, 2023 with option for further monthly extensions up to March 14, 2024 at the 2023-06-09 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-06-09
  source text: Proposal No. 1: The Extension Amendment Proposal The voting results for the Extension Amendment Proposal were as follows: For Against Abstain 20,479,579 962,549 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865200/000110465923069898/0001104659-23-069898-index.htm

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