The PORT news page on Stock Titan focuses on the historical news flow surrounding Southport Acquisition Corporation and its business combination with Angel Studios, Inc.. Southport, a special purpose acquisition company (SPAC) in the Financial Services sector classified as a shell company, used the PORT ticker while pursuing a merger or similar business combination with an operating business.
News items linked to PORT include announcements that the Securities and Exchange Commission declared effective a registration statement on Form S-4 for the proposed business combination between Southport Acquisition Corporation and Angel Studios, Inc. Coverage also highlights the scheduling of a special meeting of Angel stockholders to approve the transaction, with details contained in a joint proxy statement/prospectus filed with the SEC.
Subsequent news reports state that Angel Studios, Inc. completed its business combination with Southport Acquisition Corporation (OTC: PORT). Following this milestone, the combined company operates as Angel Studios, Inc., and its Class A common stock is expected to trade on the New York Stock Exchange under the ticker symbol ANGX. These articles emphasize Angel’s description as a values-based distribution company for stories that "amplify light" to mainstream audiences, supported by a large Angel Guild membership that helps decide which film and television projects the studio will market and distribute.
Because PORT is now primarily a historical symbol, the news feed serves as an archive of key events in the SPAC’s lifecycle, including the progression from deal announcement to shareholder approval and closing. Investors and researchers can use this page to review how the business combination with Angel Studios, Inc. was communicated through press releases and regulatory-related news, and to understand the context behind the transition from PORT to the ANGX listing for the combined company.
Southport Acquisition Corp. II (NYSE: PORT.U) completed its initial public offering of 21,000,000 units, including units from a partially exercised over-allotment option. The price was $10.00 per unit, and 1,000,000 units came from that option. Each unit contains one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant permits purchase of one Class A ordinary share at $11.50, subject to certain adjustments.
From the IPO and a simultaneous private placement of units, $212,100,000 was placed in trust for public shareholders. Units began trading on the NYSE on October 1, 2026. Once separate trading begins, the shares and warrants are expected to list on Nasdaq as PORT and PORT.W. An audited October 2, 2026 balance sheet reflecting the proceeds will accompany a forthcoming Form 8-K.
Southport Acquisition Corp. II (PORT) priced its initial public offering of units with a total offering size of $200,000,000. The offering comprises 20,000,000 units at $10.00 each. Each unit includes one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows the purchase of one Class A ordinary share at $11.50, subject to certain adjustments.
The units are expected to list on the NYSE as PORT.U and begin trading October 1, 2026. Closing is anticipated on or about October 2, 2026, subject to customary closing conditions. Underwriters have a 45-day option to purchase up to 3,000,000 additional units at the IPO price to cover over-allotments. After separation, shares and warrants are expected to list as PORT and PORT.W, respectively. The blank check company was formed to pursue a business combination and may seek a target in any industry or geographical location.
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 Inc. is advancing towards becoming a publicly traded company through a business combination with Southport Acquisition Corporation (OTC: PORT). The company has scheduled a special shareholder meeting for September 5, 2025, to vote on the merger transaction.
Angel Studios has shown significant growth, with Q2 2025 revenue reaching $87.4 million, up from $15.3 million in Q2 2024. The company has expanded its Guild membership to 1.5 million paying members across 180+ countries and achieved 70.5 million Angel App installs as of June 30, 2025.
Upon merger approval, Angel will trade under the ticker symbol "ANGX", with Class A shares publicly traded while Class B shares remain private with enhanced voting rights.