---
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"
generated_at: "2026-05-16T21:37:08.318782+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Angel Studios discloses related-party transactions with new director Benton Crane including acquisition term sheets

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-109556
- JSON: https://secwatch.observer/filing/0001104659-25-109556.json
- Plain text: https://secwatch.observer/filing/0001104659-25-109556.txt

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