8-K/A filed September 11, 2024, 7:59 PM ET ticker ANGX CIK 0001865200

M&A confidence high sentiment neutral materiality 0.90

Southport Acquisition Corp. enters $1.5B merger with Angel Studios

Angel Studios, Inc.

Merger values Angel Studios at $1.5B plus pre-closing capital; equity consideration at $10.00 per share.
Sponsor agrees to vote for merger, not redeem shares, and forfeit private warrants at closing.
Closing conditions include HSR clearance, S-4 effectiveness, stockholder approvals, and SPAC deadline extension to Sept 30, 2025.
Combined company to be renamed Angel Studios, Inc., seeking listing on NYSE or Nasdaq.
Lock-up: 33% of shares released at $12.50, additional 50% at $15.00 over 20 trading days.

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