Highest-materiality recent filing
Angel Q2 2026: Guild members up 99% YoY to 2.61M; Guild revenue $90.7M (+94%)
Guild paying members 2.61M at June 30 (+99.2% YoY); 2.85M as of July 31.
Angel Studios amends merger agreements for TTS and TCP; extends outside date to Oct 31, 2026
Amended and restated merger agreements for Tuttle Twins Show (TTS) and Toothy Cow Productions (TCP) signed June 29, 2026.
Angel Studios amends charter to allow trusts to hold Class B shares without automatic conversion
Adds Qualifying Purpose Trusts and Qualifying Estate Planning Trusts as Permitted Transferees under the amended charter.
Angel Studios begins publicly disclosing active paying Angel Guild member count on website
Effective May 29, 2026, Angel Studios is posting current active paying Angel Guild member count at https://www.angel.com/guild/impact.
Angel Studios stockholders elect all five director nominees, ratify Tanner LLP as FY 2026 auditor
Neal Harmon, Steve Sarowitz, Robert C. Gay, Benton Crane, Katie Liljenquist each elected with over 460 million votes for.
Angel Studios Q1 2026 revenue up 143% to $115.1M, first positive Adjusted EBITDA of $4.0M
Revenue $115.1M (+143% YoY), Angel Guild revenue $83.3M (+140% YoY); Guild members 2.22M (+106% YoY).
Angel Studios prices $30M public offering of 14.3M shares at $2.10/share
Offering of 14,300,000 shares at $2.10 per share for gross proceeds of ~$30 million.
Angel Studios pre-announces Q1 2026 revenue $105M-$109M, adjusted EBITDA loss $4M-$6M
Revenue expected in range of $105.0M to $109.0M for Q1 2026.
Angel Studios Q4 revenue $109.9M (+254% YoY); net loss $78.6M; guides FY26 EBITDA loss <$25M
Full-year 2025 revenue $321.6M (+233% YoY); Angel Guild revenue grew 488% to 65% of total.
Angel Studios amends credit facility, sets $30M liquidity and $30M equity proceeds requirement
Ratification and First Amendment to Loan and Security Agreement effective September 9, 2025, filed February 17, 2026.
Angel Studios surpasses 2 million paying Guild members; doubles in 9 months
2 million paying members as of Dec 30, 2025; up 25% since Q3 2025.
Angel Studios DAVID theatrical presales reach ~$14M ahead of Dec 19 release
Theatrical presales for animated musical DAVID total approximately $14M as of Dec 16, 2025.
Angel Studios sets 2026 CEO compensation: $550K base, RSUs and PSUs granted
CEO Neal Harmon receives 2026 base salary of $550,000, effective January 1.
Angel Studios enters ATM equity distribution agreement for up to $150M
Company may sell up to $150M of Class A common stock via at-the-market offering through multiple sales agents.
Angel Studios sets 2026 base salaries, grants RSUs and PSUs to President and CFO
President Jordan Harmon: 2026 base salary $430,000; 169,142 RSUs; 70,695 PSUs granted.
Angel Studios acquires three top-performing series: Tuttle Twins, Wingfeather Saga, Homestead
Tuttle Twins merger: cash + stock for investors, stock for key operators; Angel already owns 8% and provided $10.05M funding.
Angel Studios acquires three series IP for $89M; Tuttle Twins, Homestead, The Wingfeather Saga
Acquisition of IP for Tuttle Twins, Homestead, and The Wingfeather Saga for total consideration of ~$89M in cash and stock.
Angel Studios acquires three series IP for $116.5M; Tuttle Twins most-watched series
Acquired Tuttle Twins, Homestead, and The Wingfeather Saga IP for total ~$116.5M in cash and stock.
Angel Studios Q3 revenue $76.5M (+280% YoY); net loss $38.6M; acquires DAVID franchise
Q3 revenue $76.5M (record), up 280% YoY; nine-month revenue $211.6M, up 223%.
Black Autumn Show acquisition term sheet: up to $28.2M in stock; payments of $0.2M in 2024 and $4.9M in 9mo 2025.
Angel Studios expands board to 7 with Katie Liljenquist and Benton Crane
Board increased from 5 to 7; Katie Liljenquist and Benton Crane elected as new directors effective Oct 22, 2025.
Angel Studios forms JV with 2521, acquires DAVID franchise for $77.9M; lawsuit dismissed
Angel (ANGX) and 2521 Entertainment form JV Giant Slayer Media; Angel contributes $33.7M for 42% stake.
Angel Studios completes SPAC merger, lists on NYSE under ANGX with new leadership
Merger closed Sep 10, 2025; Angel Legacy becomes wholly owned subsidiary; Company renamed Angel Studios, Inc.
Angel Studios appoints Tanner LLC as auditor after BDO's going-concern qualification
Tanner LLC appointed as independent auditor effective Sept 15, 2025, replacing BDO USA.
Business combination with Southport Acquisition Corporation completed on Sept 10, 2025.
Southport Acquisition shareholders approve merger with Angel Studios; all proposals pass
Business combination with Angel Studios approved by 5,496,349 votes for, none against.
Southport Acquisition files supplemental disclosures for Angel Studios merger
Filing updates joint proxy statement/prospectus to clarify listing exchange references (Nasdaq Capital Market and/or NYSE).
Special meeting postponed from August 22 to August 25, 2025, for proposed Angel Studios merger.
Southport Acquisition amends merger with Angel Studios, removes $5M net tangible assets condition
Removed condition requiring Southport to have at least $5,000,001 net tangible assets at closing.
Sponsor regains 262,502 Class B shares from third-party investors for no consideration
On Jan 15, 2025, third-party investors transferred 262,502 Class B shares back to Sponsor for no additional consideration.
Southport Acquisition shareholders approve extension to Sep 2025; ~1.125M shares redeemed for ~$12M
Stockholders approved extending business combination deadline from Dec 14, 2024 to Sep 30, 2025.
Southport Acquisition cancels special meeting, will propose removing NTA redemption cap
Cancelled special meeting originally scheduled for Oct 22, 2024.
SPAC Southport postpones Oct 15 special meeting to Oct 22; 985K shares redeemed at ~$11.08
Holders of 985,170 Class A common shares exercised redemption rights at ~$11.08/share as of Oct 11, 2024.
Non-convertible unsecured promissory note up to $1,000,000 issued to sponsor Southport Acquisition Sponsor LLC on Oct 3, 2024.
Southport Acquisition Corp. enters $1.5B merger with Angel Studios
Merger values Angel Studios at $1.5B plus pre-closing capital; equity consideration at $10.00 per share.
Southport Acquisition to merge with Angel Studios at $1.6B enterprise value
Definitive merger agreement signed on Sept 11, 2024; combined company valued at $1.6B pro forma enterprise value.
NYSE commences delisting proceedings for PORT securities due to sub-$40M market cap
NYSE staff determined to delist PORT's Class A common, warrants, and units for failing $40M public float requirement.
Southport Acquisition extends deadline to Dec 14, 2024; ~$32M redeemed
Stockholders approved extending business combination deadline from March 14, 2024 to December 14, 2024.
Southport Acquisition extends deadline to March 14, 2024; sponsor transfers 166,666 Class B shares
Board approved sixth one-month extension, moving business combination deadline to March 14, 2024.
Southport Acquisition adopts Clawback Policy for executive incentive compensation
Policy requires recovery of erroneously awarded incentive compensation from executive officers upon an accounting restatement.
Southport Acquisition extends SPAC deadline to Feb 14, 2024; sponsor transfers 166,666 shares
Board approved fifth one-month extension from Jan 14, 2024 to Feb 14, 2024.
Southport Acquisition extends business combination deadline to Jan 14, 2024
Board approved fourth extension of deadline from December 14, 2023 to January 14, 2024.
Southport Acquisition extends business combination deadline to Dec 14, 2023
Board approved third one-month extension from Nov 14, 2023 to Dec 14, 2023.
Southport Acquisition extends business combination deadline to Nov 14, 2023
Board approved second one-month extension from Oct 14 to Nov 14, 2023.
Southport Acquisition extends deadline to Oct 14, sponsor transfers 166,666 Class B shares
Board approved first one-month extension from Sept 14 to Oct 14, 2023.
Southport Acquisition receives NYSE non-compliance notice for delayed Q2 10-Q filing
NYSE notice received Aug 22, 2023 for failure to file Q2 10-Q by Aug 21, 2023 extended deadline.
Southport Acquisition extends deadline to Sep 14, 2023; $198M in redemptions
Extension approved to Sep 14, 2023, with board option to extend monthly up to Mar 14, 2024.
Southport Acquisition reports ~$198M in redemptions ahead of extension vote
Holders of 18,849,935 shares exercised redemption at ~$10.49/share, aggregate ~$198M.
Southport Acquisition Corp supplements proxy on excise tax risk for redemptions
Redemptions in extension vote may incur 1% excise tax under Inflation Reduction Act; Treasury guidance may exempt SPAC liquidations.
Entered voting/non-redemption agreements covering 4,000,000 Class A shares to secure vote for extension and non-redemption.
On January 6, 2022, pursuant to the amended and restated certificate of incorporation of Southport Acquisition Corporation (the “Company”), the board of directors of the Company (the “Board”) voted to expand the size of the Board from five to seven and elected Matthew Hansen and Jennifer Nuckles to the Board, effective the same day.
On January 6, 2022, pursuant to the amended and restated certificate of incorporation of Southport Acquisition Corporation (the “Company”), the board of directors of the Company (the “Board”) voted to expand the size of the Board from five to seven and elected Matthew Hansen and Jennifer Nuckles to the Board, effective the same day.
The Board also elected Ms. Nuckles to serve as Chair of its audit committee, the Board’s sole standing committee, effective January 6, 2022, in place of Mr. Jared Stone (our Chairman of the Board), who will remain a member of the audit committee along with Mr. Sigmund Anderman.
Max materiality 1.00 · Median 0.65 · Most common event other_material