Welcome to our dedicated page for Angel Studios SEC filings (Ticker: ANGX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Angel Studios, Inc. filings document the company’s operating results, material events, governance matters, and capital-structure disclosures as a public media and technology issuer. Recent 8-K reports furnish quarterly and annual financial results, operational highlights, Angel Guild disclosures, content-related updates, and Regulation FD communications.
The company’s SEC record also includes material-agreement disclosures involving credit facility amendments and obligations assumed after its completed business combination. Proxy and governance materials address shareholder voting matters, board and governance topics, material agreements, operating and financial results, and capital-structure information relevant to ANGX’s public-company reporting.
Angel Studios, Inc. (ANGX) completed a business combination that converted legacy Angel Legacy and Southport securities into Combined Company classes and options, with legacy ASI stockholders retaining approximately 99% voting power. The company raised and received multiple financings including a $10.0 million purchase of Angel Legacy Class C shares paid in bitcoin, subsequent sales of Class C stock (generating ~$9.4 million post-period), August 2025 convertible notes totaling $7.0 million bearing 16% interest convertible at $39.00 per share, and planned Regulation A offerings up to $55.0 million.
Operating metrics show Angel Guild paying members grew from ~0.6 million to 1.3 million, generating ~ $101.1 million in cash from memberships through June 30, 2025. The company reported significant cash usage and an accumulated deficit (~$137.2 million) and states management expects to fund operations through issuance of debt and equity through August 2026, noting material risks including arbitration outcomes, litigation, and reliance on financings.
Angel Studios, Inc. reports that it has completed its previously announced business combination in which Sigma Merger Sub merged into Angel Studios Legacy, which now operates as a wholly owned subsidiary, and the company changed its name from Southport Acquisition Corporation to Angel Studios, Inc.
The company’s audit committee approved the appointment of Tanner LLC as independent registered public accounting firm for the year ending December 31, 2025, replacing BDO USA, P.C., which had audited Southport before the merger. BDO’s prior audit reports included an explanatory paragraph expressing substantial doubt about Southport’s ability to continue as a going concern, tied to its limited cash and reliance on completing the business combination.
The company states there were no disagreements with BDO on accounting principles, financial disclosure, or audit scope, though BDO had identified material weaknesses in internal control over financial reporting related to the statement of cash flows, recognition of excise tax liabilities, and presentation and recording of accrued liabilities, which continued to exist as of June 30, 2025.