secwatch.observer — SEC 8-K summary
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Issuer:     Angel Studios, Inc. (ANGX)
CIK:        0001865200
Form:       8-K/A
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001104659-25-109556
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865200/000110465925109556/0001104659-25-109556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865200/000110465925109556/tm2530848d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-109556

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer