secwatch.observer — SEC 8-K summary
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Issuer:     Angel Studios, Inc. (ANGX)
CIK:        0001865200
Form:       8-K/A
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0001104659-24-098916
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865200/000110465924098916/0001104659-24-098916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865200/000110465924098916/tm2423687d3_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-098916

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