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Angel Studios, Inc. Completes Business Combination with Southport Acquisition Corporation
Prnewswireยท 2025-09-10 21:07
Core Insights - Angel Studios, Inc. has completed its business combination with Southport Acquisition Corporation, and will begin trading on the NYSE under the ticker symbol "ANGX" on September 11, 2025 [1] - The company emphasizes its grassroots model driven by 1.5 million Angel Guild members who select values-based stories for production, aiming to reshape the entertainment industry [1] - Angel has demonstrated strong growth in membership, revenue, and audience, positioning itself for innovation and long-term shareholder value [1] Company Overview - Angel Studios is a values-based distribution company that curates stories aimed at mainstream audiences, supported by over 1.5 million paying members from more than 180 countries [4] - The company has recently closed a $100 million credit facility with Trinity Capital to further expand the Angel Guild [2] - Advisors for the transaction include Roth Capital Partners and Lake Street for capital markets, and Oppenheimer & Co. for financial advisory [3] Market Position - The successful capital raise and public debut highlight the market demand and operational scalability of Angel Studios [1] - The company plans to ring the NYSE closing bell on September 11, 2025, marking its official entry into the public market [2]