---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-097920"
form_type: "8-K"
ticker: "ANGX"
cik: "0001865200"
company_name: "Angel Studios, Inc."
filed_at: "2025-10-08T23:59:59+00:00"
generated_at: "2026-05-17T04:20:35.025993+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Angel Studios forms JV with 2521, acquires DAVID franchise for $77.9M; lawsuit dismissed

## Summary
- Angel (ANGX) and 2521 Entertainment form JV Giant Slayer Media; Angel contributes $33.7M for 42% stake.
- JV acquires substantially all assets of the DAVID animated franchise from Slingshot USA for $77.9M cash.
- Slingshot lawsuit against Angel Studios Licensing dismissed as part of the transaction.
- DAVID theatrical release set for December 19, 2025; Zero A.D. moved to 2026.
- Angel CEO calls DAVID 'largest audience-funded film in history'; partnership covers 14 projects.

## SEC filing metadata
- accession: 0001104659-25-097920
- form_type: 8-K
- ticker: ANGX
- cik: 0001865200
- company_name: Angel Studios, Inc.
- filed_at: 2025-10-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865200/000110465925097920/0001104659-25-097920-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865200/000110465925097920/tm2528158d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-097920
- JSON: https://secwatch.observer/filing/0001104659-25-097920.json
- Plain text: https://secwatch.observer/filing/0001104659-25-097920.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.