Southport Acquisition Stock Price, News & Analysis

PORTW is a security linked in regulatory filings to Angel Studios, Inc., a Delaware corporation. While public market reference data for the PORTW ticker is limited, the company’s recent filings with the U.S. Securities and Exchange Commission (SEC) provide insight into its corporate activity, capital markets plans, and certain governance and compensation practices.

According to multiple Form 8-K and 8-K/A reports, Angel Studios, Inc. is identified as an emerging growth company under applicable SEC rules. The company has used current reports on Form 8-K to disclose material events such as compensation decisions for executive officers, a material equity distribution agreement, and the announcement of planned acquisitions of specific entertainment series. These filings indicate active engagement with U.S. public capital markets and ongoing corporate developments that may be relevant to holders of securities trading under symbols associated with Angel Studios, including PORTW.

Corporate and Capital Markets Activity

In a Form 8-K dated December 5, 2025, Angel Studios, Inc. reported that it entered into an Equity Distribution Agreement with several financial firms acting as sales agents. Under this agreement, the company may offer and sell shares of its Class A common stock in an at-the-market equity offering program, subject to an effective shelf registration statement on Form S-3 and related prospectus materials. The filing describes the potential aggregate offering amount, the role of the sales agents, and the commission structure, as well as references to related legal opinions filed as exhibits.

These disclosures show that Angel Studios, Inc. is using established SEC registration and distribution mechanisms to access capital through sales of Class A common stock. The at-the-market structure, as described in the filing, allows the company to instruct sales agents to sell shares from time to time, including through transactions that qualify as at-the-market offerings under SEC rules.

Executive Compensation and Long-Term Incentive Arrangements

Form 8-K filings dated December 12, 2025 describe actions by the Board of Directors of Angel Studios, Inc. approving 2026 compensation arrangements for certain executive officers under a 2025 Long-Term Incentive Plan. The filings explain that these arrangements include base salary adjustments and grants of restricted stock units (RSUs) and performance-based restricted stock units (PSUs).

The RSU awards described in the filings vest over a multi-year schedule, with an initial portion vesting on a specified date and the remainder vesting in equal quarterly installments over subsequent years, subject to the terms of the long-term incentive plan and related award agreements. The PSUs vest based on minimum average share price milestones achieved over a ten-year period following the grant date, and continued employment through specified dates. Each RSU or PSU represents the right to receive one share of the company’s Class A common stock, under the terms of the plan and award agreements.

Disclosures on Acquisitions and Content Rights

In Form 8-K filings dated November 14, 2025, Angel Studios, Inc. reported that it issued a press release announcing the planned acquisition of three series: Tuttle Twins, Homestead, and The Wingfeather Saga. The company furnished the press release as an exhibit under Item 7.01 (Regulation FD Disclosure). A subsequent Form 8-K/A (Amendment No. 1) filed on the same date explains that the company provided a revised press release to clarify the status of the transactions and to correct the description of the purchase consideration to be paid upon closing.

These filings indicate that Angel Studios, Inc. uses current reports to communicate planned acquisitions of specific series and to update or correct disclosure where necessary. For investors tracking PORTW and related securities, these reports provide context on how the company approaches acquisitions and disclosure of transaction terms.

Other Reported Corporate Developments

In a Form 8-K dated December 30, 2025, Angel Studios, Inc. furnished a press release under Item 7.01 stating that the company surpassed two million paying Angel Guild members. The filing notes that the information provided under Item 7.01 is furnished rather than filed for purposes of Section 18 of the Exchange Act and explains that it is not automatically incorporated by reference into other Securities Act or Exchange Act filings unless specifically referenced.

This type of disclosure illustrates how the company uses Regulation FD to share information about milestones related to its member base. While the Form 8-K does not itself describe the underlying business model in detail, the reference to paying Angel Guild members highlights a membership or participation metric that the company chose to report through a furnished press release.

Regulatory Reporting Approach

Across its 8-K and 8-K/A filings, Angel Studios, Inc. follows standard SEC reporting conventions, including:

• Identifying itself as an emerging growth company.
• Using Item 1.01 to describe entry into material definitive agreements, such as the equity distribution agreement.
• Using Item 5.02 to describe executive compensation arrangements and equity awards.
• Using Item 7.01 (Regulation FD Disclosure) to furnish press releases about acquisitions and membership milestones.
• Including exhibits such as press releases, legal opinions, and agreements, and referencing them by exhibit number.

For investors researching PORTW, these filings provide a view into Angel Studios, Inc.’s governance decisions, capital raising tools, and selected operational milestones, even though detailed industry and segment information is not provided in the excerpts above.

FAQs about PORTW and Angel Studios, Inc.