other_material
confidence high
sentiment neutral
materiality 0.40
Angel Studios reports unregistered sales of 129,487 Class C shares for ~$5.0M
Angel Studios, Inc.
- May 7, 2025: sold 3,055 Class C shares at $32.76/share, gross proceeds $100,082.
- June 16, 2025: sold 126,432 Class C shares at $39.00/share, gross proceeds $4,930,848.
- Total shares issued: 129,487; total proceeds: $5,030,930 (rounded).
- Sales were private placements to accredited investors; no commissions paid.
- Exempt from registration under Section 4(a)(2) and Regulation D.
item 3.02