Trinity Capital Inc. Provides $100 Million in Growth Capital to Angel, Expanding its Global Impact in Values-Driven Entertainment

Rhea-AI Summary

Trinity Capital (NASDAQ: TRIN) has committed $100 million in growth capital to Angel Studios (NYSE: ANGX), a values-driven entertainment company. This investment follows Angel Studios' recent business combination with Southport Acquisition Corporation and subsequent listing on the NYSE.

Angel Studios operates with a unique model where its 1.5 million Angel Guild members worldwide participate in content selection, effectively acting as virtual co-producers for films and TV shows. The company distributes content through theaters, television, and its streaming platform, focusing on uplifting and values-based entertainment.

Positive

• Secured substantial $100 million growth capital commitment
• Strategic expansion into values-based entertainment market
• Partnership with newly public company Angel Studios (NYSE: ANGX)
• Access to Angel's established network of 1.5 million Guild members

Negative

• Exposure to the volatile entertainment industry
• Significant capital commitment to a single company

Insights

Corporate Finance Specialist

Trinity Capital's $100M investment in newly-public Angel Studios represents a significant growth capital injection supporting Angel's unique audience-driven content model.

Trinity Capital (Nasdaq: TRIN) has committed $100 million in growth capital to Angel Studios (NYSE: ANGX), representing a substantial financial commitment to the media company that just completed its public market debut. This investment comes at a strategic moment as Angel Studios has just finalized its business combination with Southport Acquisition Corporation, transitioning from private to public markets via a SPAC merger.

The timing is particularly noteworthy as Angel Studios has only recently begun trading on the NYSE under ticker symbol ANGX. This capital infusion provides Angel with significant financial resources to scale its unconventional entertainment business model, where content decisions are guided by its 1.5 million Guild members who effectively serve as virtual co-producers.

From a financial perspective, this transaction represents a substantial commitment from Trinity, an alternative asset manager seeking exposure to the values-driven entertainment sector. The investment structure wasn't detailed, but likely combines debt and possibly equity components typical of growth capital arrangements. For Trinity's investors, this represents a calculated bet on Angel's ability to monetize its audience-driven content selection model across theatrical, television, and streaming channels.

This deal highlights a growing trend of alternative capital providers stepping in to fund media companies with distinctive distribution models that deviate from traditional studio structures. Trinity's willingness to deploy $100 million suggests confidence in Angel's ability to translate its community-based approach into sustainable financial performance as a public company.

PHOENIX, Sept. 18, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (the "Company"), a leading alternative asset manager, today announced the commitment of $100 million in growth capital to Angel Studios, Inc. (NYSE: ANGX) ("Angel Studios" or "Angel"), an unprecedented media and technology company championing values-based stories.

Angel's new model empowers audiences as virtual co-producers. The more than 1.5 million Angel Guild members worldwide decide what films and television shows get made, selecting stories that amplify light and timeless values. Angel's films and shows are distributed in theaters, on television, and streamed on the Angel platform.

Last week, Angel announced the completion of its business combination with Southport Acquisition Corporation, a special purpose acquisition company. The combined company's shares of Class A common stock trade on the New York Stock Exchange under the ticker symbol "ANGX."

"We are thrilled to support Angel Studios during this pivotal time of growth and transition to the public market," said Phil Gager, Senior Managing Director of Tech Lending at Trinity Capital. "Our investment reflects our support of their mission to bring uplifting content that makes a positive impact on the entertainment industry."

"We're grateful to have Trinity Capital as a mission-aligned partner who shares our commitment to amplifying light and positively impacting audiences around the world," said Ajay Madhok, EVP of Business Strategy at Angel. "This partnership represents more than just growth capital — Trinity truly understands Angel's revolutionary approach to values-driven entertainment. Together, we'll expand the Angel Guild's reach and continue empowering audiences to greenlight the uplifting films and TV series they want to experience."

About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN) is an international alternative asset manager that seeks to deliver consistent returns for investors through access to private credit markets. Trinity Capital sources and structures investments in well-capitalized growth-oriented companies across five distinct lending verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset Based Lending, and Life Sciences. As a long-term, trusted partner for innovative companies seeking tailored debt solutions, Trinity Capital has deployed more than $4.7 billion across over 420 investments since inception in 2008 (As of June 30, 2025). Headquartered in Phoenix, Arizona, Trinity Capital's dedicated team is strategically located across the United States and Europe. For more information on Trinity Capital, please visit trinitycapital.com and stay connected to the latest activity via LinkedIn and X (@trincapital).

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.

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SOURCE Trinity Capital Inc.

FAQ

What is the size of Trinity Capital's investment in Angel Studios?

Trinity Capital (NASDAQ: TRIN) has committed $100 million in growth capital to Angel Studios.

When did Angel Studios (ANGX) begin trading on the NYSE?

Angel Studios began trading on the NYSE following its business combination with Southport Acquisition Corporation, announced in September 2025.

How many members does Angel Studios' Guild have globally?

Angel Studios has more than 1.5 million Angel Guild members worldwide who participate in selecting which films and TV shows get produced.

What is the purpose of Trinity Capital's investment in Angel Studios?

The investment aims to support Angel Studios' growth and transition to the public market while expanding their mission of producing values-driven entertainment content.

How does Angel Studios distribute its content?

Angel Studios distributes its content through multiple channels, including theaters, television, and their own streaming platform.