Angel Studios secures up to $100M term loan from Trinity Capital; $40M drawn at close

Angel Studios, Inc.

$40M funded immediately; three additional $20M tranches available through June 2027 subject to conditions.
Interest rate at Prime + 6% or 13.5% floor; principal and interest due monthly; maturity October 1, 2030.
Lenders received warrants for 273,375 shares of Class C Common Stock at $39.00 per share.
Proceeds used to pay off existing indebtedness and for general working capital and business operations.
Obligations secured by substantially all assets; loan requires minimum liquidity and other covenants.

item 1.01item 2.03item 3.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.