secwatch.observer — SEC 8-K summary
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Issuer:     Angel Studios, Inc. (ANGX)
CIK:        0001865200
Form:       8-K
Filed at:   2025-12-05T23:59:59+00:00
Accession:  0001104659-25-118883
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angel Studios enters ATM equity distribution agreement for up to $150M
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- Company may sell up to $150M of Class A common stock via at-the-market offering through multiple sales agents.
- Sales agents include Oppenheimer, TCBI Securities (Texas Capital), Maxim Group, and Roth Capital; commission up to 3.0%.
- Shelf registration on Form S-3 declared effective by SEC on Dec 4, 2025; prospectus supplement filed Dec 5, 2025.
- Agreement contains customary representations, warranties, indemnification, and termination provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865200/000110465925118883/0001104659-25-118883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865200/000110465925118883/tm2532832d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-118883

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