---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-105840"
form_type: "8-K"
ticker: "ANGX"
cik: "0001865200"
company_name: "Angel Studios, Inc."
filed_at: "2024-10-03T23:59:59+00:00"
generated_at: "2026-05-30T21:43:08.826679+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Southport Acquisition issues up to $1M promissory note to sponsor; repayment tied to business combination deadline

## Summary
- Non-convertible unsecured promissory note up to $1,000,000 issued to sponsor Southport Acquisition Sponsor LLC on Oct 3, 2024.
- Note bears no interest; repayment due on earlier of Dec 14, 2024 (extendable to Sep 30, 2025 if stockholders approve) or business combination consummation.
- If no business combination, note is forgiven unless funds exist outside trust account; payee waives claims against trust account.

## SEC filing metadata
- accession: 0001104659-24-105840
- form_type: 8-K
- ticker: ANGX
- cik: 0001865200
- company_name: Angel Studios, Inc.
- filed_at: 2024-10-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865200/000110465924105840/0001104659-24-105840-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865200/000110465924105840/tm2425557d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-105840
- JSON: https://secwatch.observer/filing/0001104659-24-105840.json
- Plain text: https://secwatch.observer/filing/0001104659-24-105840.txt

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