---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-013469"
form_type: "8-K"
ticker: "ANGX"
cik: "0001865200"
company_name: "Angel Studios, Inc."
filed_at: "2025-02-14T23:59:59+00:00"
generated_at: "2026-05-26T21:38:36.124036+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Southport Acquisition amends merger with Angel Studios, removes $5M net tangible assets condition

## Summary
- Removed condition requiring Southport to have at least $5,000,001 net tangible assets at closing.
- Revised Acquiror Expense Cap to $11.415M minus transaction expenses (capped at $3.863M).
- Expanded Transaction Expenses definition; outside legal fees capped at $2.875M.
- Expense statement delivery moved to 3 business days prior to closing.

## SEC filing metadata
- accession: 0001104659-25-013469
- form_type: 8-K
- ticker: ANGX
- cik: 0001865200
- company_name: Angel Studios, Inc.
- filed_at: 2025-02-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865200/000110465925013469/0001104659-25-013469-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865200/000110465925013469/tm256457d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-013469
- JSON: https://secwatch.observer/filing/0001104659-25-013469.json
- Plain text: https://secwatch.observer/filing/0001104659-25-013469.txt

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