secwatch.observer — SEC 8-K summary
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Issuer:     Angel Studios, Inc. (ANGX)
CIK:        0001865200
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001104659-23-069898
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865200/000110465923069898/0001104659-23-069898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865200/000110465923069898/tm2318186d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-069898

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer