{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-109556","form_type":"8-K/A","ticker":"ANGX","cik":"0001865200","company_name":"Angel Studios, Inc.","filed_at":"2025-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.873684+00:00","generated_at":"2026-05-16T21:37:08.318782+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"confidence":"high","headline":"Angel Studios discloses related-party transactions with new director Benton Crane including acquisition term sheets","bullets":["Black Autumn Show acquisition term sheet: up to $28.2M in stock; payments of $0.2M in 2024 and $4.9M in 9mo 2025.","Tuttle Twins: 8% interest for $1.70M in 2022; ongoing buyout negotiations with $9.50M max commitment; funded $4.4M in 2024, $2.8M in 9mo 2025.","Tuttle Twins revenues: $3.30M in 2024 and $2.20M in 9mo 2025.","Harmon Brothers acquisition term sheet: up to $6.3M in stock; marketing payments of $0.5M in 2024, $0.4M in 9mo 2025.","No reportable transactions with new director Katie Liljenquist."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-109556","json":"https://secwatch.observer/filing/0001104659-25-109556.json","markdown":"https://secwatch.observer/filing/0001104659-25-109556.md","text":"https://secwatch.observer/filing/0001104659-25-109556.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925109556/0001104659-25-109556-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925109556/tm2530848d1_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T21:37:08.318782+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}