---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-098809"
form_type: "8-K"
ticker: "ANGX"
cik: "0001865200"
company_name: "Angel Studios, Inc."
filed_at: "2024-09-11T23:59:59+00:00"
generated_at: "2026-05-31T05:29:50.577296+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Southport Acquisition to merge with Angel Studios at $1.6B enterprise value

## Summary
- Definitive merger agreement signed on Sept 11, 2024; combined company valued at $1.6B pro forma enterprise value.
- Angel Studios H1 2024 revenue $45M, up from $39M in H1 2023; no minimum cash condition for closing.
- Existing Angel Studios stockholders roll 100% equity; CEO Neal Harmon to continue leading combined company.
- Transaction expected to close H1 2025; post-merger stock ticker expected to be 'AGSD' on NYSE/Nasdaq.
- Angel Studios plans to continue Bitcoin treasury strategy; $10M investment in principle from Off the Chain Capital.

## SEC filing metadata
- accession: 0001104659-24-098809
- form_type: 8-K
- ticker: ANGX
- cik: 0001865200
- company_name: Angel Studios, Inc.
- filed_at: 2024-09-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865200/000110465924098809/0001104659-24-098809-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865200/000110465924098809/tm2423687d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-098809
- JSON: https://secwatch.observer/filing/0001104659-24-098809.json
- Plain text: https://secwatch.observer/filing/0001104659-24-098809.txt

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