secwatch.observer — SEC 8-K summary
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Issuer:     Angel Studios, Inc. (ANGX)
CIK:        0001865200
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0001104659-25-013469
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865200/000110465925013469/0001104659-25-013469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865200/000110465925013469/tm256457d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-013469

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