m_and_a
confidence high
sentiment positive
materiality 1.00
Angel Studios completes SPAC merger, lists on NYSE under ANGX with new leadership
Angel Studios, Inc.
- Merger closed Sep 10, 2025; Angel Legacy becomes wholly owned subsidiary; Company renamed Angel Studios, Inc.
- Dual-class stock: Class A (1 vote), Class B (10 votes); Harmon siblings and other insiders hold ~62% voting power.
- Neal Harmon (CEO & Chairman), Jeffrey Harmon (Chief Content Officer), Jordan Harmon (President), Elizabeth Ellis (COO), Scott Klossner (CFO) appointed.
- New board of five directors: Neal Harmon, Paul Ahlstrom, Steve Sarowitz, Mina Nguyen, Robert C. Gay; prior board resigned.
- Company Common Stock began trading on NYSE under ANGX on Sep 11, 2025; Southport Public Warrants converted into common stock.
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