secwatch.observer — SEC 8-K summary
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Issuer:     Angel Studios, Inc. (ANGX)
CIK:        0001865200
Form:       8-K
Filed at:   2025-09-15T23:59:59+00:00
Accession:  0001104659-25-089732
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angel Studios appoints Tanner LLC as auditor after BDO's going-concern qualification
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865200/000110465925089732/0001104659-25-089732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865200/000110465925089732/tm2526078d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-089732

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