Here are the 424B prospectus supplements from Angel Studios, Inc. (ANGX) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow ANGX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ANGX filings page.
Angel Studios, Inc. is offering 14,300,000 shares of Class A common stock at a public offering price of $2.10 per share. The offering yields gross proceeds of approximately $30.03 million and estimated proceeds to the company of approximately $28.38 million before expenses. The underwriters have a 30-day option to purchase up to 2,145,000 additional shares. Delivery is expected on or about April 13, 2026. After this offering (without exercise of the option) the company expects 183,395,572 shares outstanding. The prospectus supplement discloses intended use of net proceeds for general corporate purposes, a 90-day lock-up for insiders, and preliminary Q1 2026 financial estimate of revenue in the range of $105.0M–$109.0M and Adjusted EBITDA of $(4.0)M–$(6.0)M.
Angel Studios, Inc. is launching an “at-the-market” equity program to sell up to $150,000,000 of Class A common stock through several sales agents on the NYSE or in negotiated deals. The company may issue shares from time to time, with Oppenheimer, Texas Capital Securities, Maxim Group and Roth Capital Partners acting as sales agents and earning up to 3.0% commissions on gross proceeds.
Based on an illustrative price of $4.48 per share, this would equal about 33,482,142 new shares, leading to immediate dilution of $3.60 per share for new investors compared with the adjusted net tangible book value. Net proceeds are intended for general corporate purposes, and management retains broad discretion over how the capital is deployed. The company notes that share issuances under this program, and potential resales by existing holders, could put pressure on the stock price and dilute existing ownership.