Angel Studios, Inc. Completes Business Combination with Southport Acquisition Corporation
Angel Studios (NYSE:ANGX), a media and technology company, has completed its business combination with Southport Acquisition Corporation. The company's shares will begin trading on the NYSE on September 11, 2025, under the ticker symbol "ANGX".
Led by CEO Neal Harmon, Angel Studios operates with a unique model powered by 1.5 million Angel Guild members who act as virtual co-producers, selecting and greenlighting values-based content. The company recently secured a $100 million credit facility from Trinity Capital to expand the Angel Guild and has demonstrated strong growth in membership, revenue, and global audience reach.
Angel Studios (NYSE:ANGX), società di media e tecnologia, ha completato la sua fusione con Southport Acquisition Corporation. Le azioni della società inizieranno la negoziazione sulla NYSE l'11 settembre 2025, con il simbolo "ANGX".
Guidata dal CEO Neal Harmon, Angel Studios adotta un modello unico supportato da 1,5 milioni di membri dell'Angel Guild che fungono da co-produttori virtuali, selezionando e approvando contenuti basati sui valori. Recentemente la società ha ottenuto una linea di credito da 100 milioni di dollari da Trinity Capital per espandere l'Angel Guild e ha registrato una solida crescita in termini di membri, ricavi e pubblico globale.
Angel Studios (NYSE:ANGX), una empresa de medios y tecnología, ha completado su combinación con Southport Acquisition Corporation. Las acciones de la compañía comenzarán a cotizar en la NYSE el 11 de septiembre de 2025, bajo el símbolo "ANGX".
Dirigida por el CEO Neal Harmon, Angel Studios opera con un modelo único impulsado por 1,5 millones de miembros del Angel Guild que actúan como coproducedores virtuales, seleccionando y aprobando contenido basado en valores. Recientemente la compañía consiguió una línea de crédito de 100 millones de dólares de Trinity Capital para ampliar el Angel Guild y ha mostrado un sólido crecimiento en miembros, ingresos y alcance de audiencia global.
Angel Studios (NYSE:ANGX)는 미디어 및 기술 기업으로 Southport Acquisition Corporation과의 기업 결합을 완료했습니다. 회사의 주식은 2025년 9월 11일 NYSE에서 티커 "ANGX"로 거래를 시작합니다.
CEO 닐 하먼(Neal Harmon)이 이끄는 Angel Studios는 150만 명의 Angel Guild 회원이 가상 공동제작자 역할을 하며 가치 기반 콘텐츠를 선정·승인하는 독특한 모델로 운영됩니다. 회사는 최근 Trinity Capital로부터 1억 달러 신용 한도를 확보해 Angel Guild를 확장할 계획이며, 회원 수, 매출 및 글로벌 시청자 도달 면에서 강한 성장세를 보여주고 있습니다.
Angel Studios (NYSE:ANGX), une société de médias et de technologie, a finalisé sa fusion avec Southport Acquisition Corporation. Les actions de la société commenceront à être cotées au NYSE le 11 septembre 2025, sous le symbole "ANGX".
Dirigée par le PDG Neal Harmon, Angel Studios fonctionne selon un modèle unique soutenu par 1,5 million de membres de l'Angel Guild qui agissent comme co-producteurs virtuels, sélectionnant et validant des contenus porteurs de valeurs. La société a récemment obtenu une ligne de crédit de 100 millions de dollars auprès de Trinity Capital pour développer l'Angel Guild et affiche une forte croissance du nombre de membres, des revenus et de l'audience mondiale.
Angel Studios (NYSE:ANGX), ein Medien- und Technologieunternehmen, hat seine Fusion mit Southport Acquisition Corporation abgeschlossen. Die Aktien des Unternehmens werden am 11. September 2025 an der NYSE unter dem Tickersymbol "ANGX" gehandelt.
Unter der Leitung von CEO Neal Harmon verfolgt Angel Studios ein einzigartiges Modell, das von 1,5 Millionen Mitgliedern des Angel Guild getragen wird, die als virtuelle Co-Produzenten fungieren und wertebasierte Inhalte auswählen und genehmigen. Das Unternehmen hat kürzlich eine 100-Millionen-Dollar-Kreditfazilität von Trinity Capital erhalten, um das Angel Guild zu erweitern, und weist ein starkes Wachstum bei Mitgliedern, Umsatz und globaler Zuschauerreichweite auf.
- Successful completion of business combination and NYSE listing, providing increased market visibility and access to capital
- Secured $100 million credit facility from Trinity Capital for expansion
- Strong operational metrics with 1.5 million+ Guild members worldwide
- Demonstrated revenue growth and operational scalability
- Potential integration challenges transitioning from SPAC to public company
- Increased regulatory and reporting requirements as a public company
- Higher operational costs associated with public company status
Insights
Angel Studios completes SPAC merger, secures $100M facility, and debuts on NYSE as ANGX - significant milestone for growth.
Angel Studios has successfully completed its business combination with Southport Acquisition Corporation, a special purpose acquisition company (SPAC). This transaction represents a significant milestone as Angel transitions from private to public markets, with trading on the New York Stock Exchange under ticker symbol "ANGX" beginning September 11, 2025.
The company simultaneously announced a
Angel's business model is particularly noteworthy - they've built a community of 1.5 million "Angel Guild" members who effectively function as virtual co-producers, helping select and greenlight content aligned with the company's values-based approach. This represents an innovative audience-driven content curation model that differs from traditional studio approaches.
The successful completion of this transaction indicates several important factors: sufficient investor interest to complete the SPAC merger in a challenging market environment, confidence from credit providers as evidenced by the Trinity facility, and validation of Angel's unconventional business model. The company appears well-positioned with both public market access for potential future capital raises and immediate liquidity from the credit line to accelerate growth initiatives focused on expanding their unique Guild membership model.
Angel Studios, Inc. to Trade Under NYSE Ticker Symbol "ANGX"
"This marks a huge milestone for Angel and our 1.5 million-plus Guild members worldwide," said Neal Harmon, co-founder, chairman, and CEO of Angel. "Our model and technology are leading a movement to reshape entertainment, empowering audiences as virtual co-producers. The Guild selects stories that amplify light and timeless values—curating a powerful library through greenlighting films and shows for theaters, TV, or Angel streaming—and we're just getting started."
Angel's public company debut underscores the strong momentum propelling the Company into its next chapter. Through strong growth in Angel Guild membership, growing revenue performance, and an expanding global audience, Angel has demonstrated market demand and operational scalability. With a successful capital raise completed on September 5, 2025, Angel is well-positioned to accelerate innovation, expand values-based storytelling, and deliver long-term shareholder value.
The Company also announced the close of a
Angel is scheduled to ring the NYSE closing bell on September 11, 2025, at 4:00pm ET.
Advisors
Roth Capital Partners and Lake Street are serving as capital markets advisors to Angel. Oppenheimer & Co. is serving as financial and capital markets advisor to Southport. Mayer Brown LLP is acting as legal advisor to Angel, and Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Southport.
About Angel Studios, Inc.
Angel is a values-based distribution company for stories that amplify light to mainstream audiences. Through the Angel Guild, more than 1,500,000 paying members from more than 180 different countries help decide what film and television projects the studio will market and distribute, and support the filmmakers who create films and series that amplify light. For more information, please visit www.angel.com.
About Southport Acquisition Corporation
Southport is a blank check company formed in
Cautionary Statement Regarding Forward-Looking Statement
This communication may contain certain forward-looking statements within the meaning of the federal securities laws with respect to the business combination between Angel and Southport. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of Southport's and Angel's annual reports on Form 10-K, respectively, and quarterly reports on Form 10-Q, the registration statement or Form S-4 filed in connection with the business combination, including those under "Risk Factors" therein, and other documents filed by Southport and Angel from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Angel and Southport assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Angel nor Southport gives any assurance that either Angel or Southport, or the combined company, will achieve its expectations.
Investor Relations Contact:
Shannon Devine
MZ Group North America
Angel@mzgroup.us
Media Relations Contact:
Lori Heiselman
Angel Studios Inc.
lori.heiselman@angel.com
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SOURCE Angel Studios, Inc.
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