secwatch / observer
8-K filed December 5, 2025, 6:59 PM ET ticker ANGX CIK 0001865200
other material confidence high sentiment neutral materiality 0.65

Angel Studios enters ATM equity distribution agreement for up to $150M

Angel Studios, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Angel Studios, Inc. entered into Distribution Agreement with Oppenheimer & Co. Inc., TCBI Securities, Inc., doing business as Texas Capital Securities, Maxim Group LLC and Roth Capital Partners, LLC valued at $150,000,000 (effective 2025-12-05).

Action
entry
Agreement
atm program
Counterparty
Oppenheimer & Co. Inc., TCBI Securities, Inc., doing business as Texas Capital Securities, Maxim Group LLC and Roth Capital Partners, LLC
Value
$150,000,000
Effective
2025-12-05
Exact text from the filing
On December 5, 2025, Angel Studios, Inc., a Delaware corporation (the “Company”) entered into an Equity Distribution Agreement (the “Distribution Agreement”) with Oppenheimer & Co. Inc., TCBI Securities, Inc., doing business as Texas Capital Securities, Maxim Group LLC and Roth Capital Partners, LLC (each, a “Sales Agent,” and together, the “Sales Agents”), pursuant to which the Company may offer and sell from time to time shares of its Class A common stock, par value $0.0001 per share (“Common Stock”), having an aggregate offering price of up to $150,000,000, to or through the Sales Agents in an “at-the-market” equity offering program.
View on SEC.gov

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Angel Studios, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-25-118883
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