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The PORT SEC filings page on Stock Titan provides historical regulatory context for Southport Acquisition Corporation and its business combination with Angel Studios, Inc.. While PORT was the ticker for Southport, many of the detailed filings related to the combination and subsequent operations appear under the Angel Studios, Inc. name, reflecting the structure of the completed transaction.
In connection with the proposed merger between Southport Acquisition Corporation and Angel Studios, Inc., Southport filed a registration statement on Form S-4 with the Securities and Exchange Commission. That registration statement, which the SEC declared effective, included a joint proxy statement/prospectus for stockholders of both entities to vote on the business combination. References in the transaction materials also point to Southport’s Form 10-K for information on directors, executive officers, executive compensation, security ownership and related party transactions.
After completion of the business combination, Angel Studios, Inc. has filed multiple Form 8-K reports. These include Regulation FD disclosures about press releases, such as announcements regarding Angel Guild membership milestones and planned acquisitions of specific series. Other 8-K filings describe an Equity Distribution Agreement for an at-the-market equity offering program under an effective Form S-3 shelf registration statement, and detail compensation arrangements for executive officers under a long-term incentive plan using restricted stock units (RSUs) and performance-based restricted stock units (PSUs.
On Stock Titan, users can track these filings in one place and use AI-powered summaries to understand the key points in lengthy documents such as registration statements, 8-Ks and other reports. The platform highlights material agreements, capital-raising structures, executive equity incentives and Regulation FD disclosures, helping investors see how the former PORT shell company evolved into the public company structure of Angel Studios, Inc. and how that evolution is reflected in the SEC record.
Angel Studios, Inc. filed its Q3 2025 10‑Q, highlighting rapid top-line growth alongside continued losses and a completed reverse recapitalization. Revenue reached $76.5 million for the quarter, up from $20.1 million a year ago, driven mainly by Angel Guild memberships and content licensing. The quarter’s operating loss was $38.1 million, with a net loss of $38.6 million. For the first nine months, revenue totaled $211.6 million and net loss was $91.9 million.
Cash and cash equivalents rose to $63.3 million as of September 30, 2025, aided by equity raises and new debt. The company reported $34.5 million in digital assets (303.1 bitcoin) under fair value accounting, recording a Q3 net gain of $2.1 million. Deferred revenue stood at $50.7 million, including $49.7 million tied to Angel Guild memberships.
Angel completed a business combination on September 10, 2025, accounted for as a reverse recapitalization. New financing included a $40.0 million first tranche of a term loan facility (up to $100.0 million) and a $5.0 million convertible note, alongside conversion of August 2025 notes into 973,002 Class A shares.
Angel Studios, Inc. furnished a Form 8-K announcing that it issued a press release with financial results and operational highlights for the quarter ended September 30, 2025.
The press release is included as Exhibit 99.1. The information under Item 2.02, including Exhibit 99.1, is furnished and not filed and is not subject to Section 18 of the Exchange Act, nor incorporated by reference into other filings except as expressly set forth.
Angel Studios, Inc. filed an amendment to its prior report about recent board appointments to provide additional related-party disclosure. The company’s Board had elected Katie Liljenquist and Benton Crane as directors effective October 22, 2025. On November 6, 2025, the company determined there are currently no transactions with Ms. Liljenquist that require disclosure under Item 404(a) of Regulation S-K. The company also determined that certain transactions involving Mr. Crane are required to be disclosed under that same related-party disclosure rule.
Angel Studios, Inc. (ANGX) reported an insider equity grant on Form 4. A director received 10,593 restricted stock units (RSUs) effective October 23, 2025, coded as an acquisition (A) under derivative securities.
The RSUs vest in substantially equal quarterly increments over a one-year period beginning October 23, 2025. Upon each vesting date, each vested RSU automatically converts into one share of common stock. Following the reported transaction, 10,593 derivative securities were beneficially owned with direct ownership.
Angel Studios (ANGX) filed an initial statement of beneficial ownership (Form 3) for a director, effective 10/23/2025. The filing reports 567,202 shares of Class B common stock beneficially owned with direct ownership. No derivative securities are listed in the filing. The submission includes an Exhibit 24 Power of Attorney authorizing the attorney-in-fact to sign on behalf of the reporting person.
Angel Studios (ANGX) expanded its Board from five to seven directors and elected Katie Liljenquist and Benton Crane, effective October 22, 2025. They will serve until the next annual meeting or until successors are elected and qualified. The Board has not yet determined their independence or any transactions requiring Item 404(a) disclosure. The company noted Mr. Crane is a cousin of the CEO/President/Chief Content Officer and a founder of Legacy Angel; Ms. Liljenquist previously served on Legacy Angel’s board.
Non-employee director compensation was approved: an annual cash retainer of $50,000, plus $15,000 for the Audit Committee Chair. Each non-employee director will also receive RSUs with an aggregate grant-date fair value of approximately $75,000, effective October 23, 2025, vesting in equal quarterly installments over one year under the 2025 Long-Term Incentive Plan.
Angel Studios (ANGX) reported a director’s equity grant on Form 4. On October 23, 2025, the reporting person acquired 10,593 Restricted Stock Units (RSUs) under the company’s 2025 Long‑Term Incentive Plan. The RSUs vest in substantially equal quarterly increments over a one‑year period beginning October 23, 2025, and each vested RSU converts into one share of common stock. Following the grant, the reporting person beneficially owned 10,593 derivative securities.
Angel Studios (ANGX) reported a director equity award on a Form 4. The filing shows a grant of 10,593 Restricted Stock Units (RSUs) effective October 23, 2025 under the company’s 2025 Long‑Term Incentive Plan.
The RSUs vest in substantially equal quarterly increments over one year beginning October 23, 2025. Upon each vesting date, each vested RSU automatically converts into one share of common stock. The derivative security is reported as Direct (D) ownership.
Angel Studios (ANGX) reported an insider equity grant on a Form 4. A company director received 10,593 restricted stock units (RSUs) effective October 23, 2025 under the company’s 2025 Long-Term Incentive Plan.
The RSUs vest in substantially equal quarterly increments over one year beginning October 23, 2025. Upon each vesting date, each vested RSU automatically converts into one share of common stock. Following the reported transaction, 10,593 derivative securities (RSUs) were beneficially owned directly.
Angel Studios, Inc. (ANGX) reported a director equity grant. A Form 4 shows an award of 10,593 Restricted Stock Units on October 23, 2025, reported with transaction code A. The grant was made under the company’s 2025 Long‑Term Incentive Plan.
The RSUs vest in substantially equal quarterly increments over one year beginning October 23, 2025. Upon each vesting date, each vested RSU automatically converts into one share of common stock. Following the reported transaction, 10,593 derivative securities were beneficially owned, held in direct ownership form.