{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-089732","form_type":"8-K","ticker":"ANGX","cik":"0001865200","company_name":"Angel Studios, Inc.","filed_at":"2025-09-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.433026+00:00","generated_at":"2026-05-17T06:40:07.454603+00:00","sec_items":["4.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Angel Studios appoints Tanner LLC as auditor after BDO's going-concern qualification","bullets":["Tanner LLC appointed as independent auditor effective Sept 15, 2025, replacing BDO USA.","BDO's prior reports included an explanatory paragraph citing substantial doubt about Southport's ability to continue as a going concern.","BDO identified material weaknesses in cash flow presentation, excise tax recognition, and accrued liabilities; weaknesses persist as of June 30, 2025.","No disagreements between BDO and Southport on accounting principles; BDO agreed with statements via letter."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-089732","json":"https://secwatch.observer/filing/0001104659-25-089732.json","markdown":"https://secwatch.observer/filing/0001104659-25-089732.md","text":"https://secwatch.observer/filing/0001104659-25-089732.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925089732/0001104659-25-089732-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925089732/tm2526078d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:40:07.454603+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"899c76933cac88c8b5b1615f3d3570e68fe6a052","claim":"Angel Studios, Inc. dismissed BDO USA, P.C. as its auditor.","evidence_excerpt":"BDO USA, P.C. (“ BDO ”), the independent registered public accounting firm of Southport was informed on September 10, 2025 that it would be replaced by Tanner as the Company’s independent registered public accounting firm, effective September 15, 2025.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925089732/0001104659-25-089732-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"dismissal"},{"label":"Auditor","value":"BDO USA, P.C."},{"label":"Successor","value":"Tanner LLC"}],"fact_type":"auditor_change"},{"claim_id":"e1b67375577980f9ed430ee9d6be299ff57d6e2a","claim":"Angel Studios, Inc. engaged Tanner LLC as its auditor.","evidence_excerpt":"On September 15, 2025, the audit committee of the Board approved the appointment of Tanner LLC, (“ Tanner ”) as the Company’s independent registered public accounting firm to audit the Company’s consolidated financial statements effective for the year ended December 31, 2025.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925089732/0001104659-25-089732-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"engagement"},{"label":"Auditor","value":"Tanner LLC"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}