News & Events

of this Report, including Exhibit 99.1, attached hereto, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or Securities Act of 1933, as amended, expect as expressly set forth by specific reference in such a filing. ​

Entry into a Material Definitive Agreement. On April 10, 2026, Angel Studios, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”), between the Company and Roth Capital Partners, LLC, as the representative of the several underwriters listed on Schedule I thereto (the “Underwriters”), for the issuance and sale by the Company of 14,300,000 shares of its Class A common stock, par value $0.0001 per share (the “Common Stock”) at a price to the public of $2.10…

Other Events Angel Studios, Inc., a Delaware corporation (the “Company”), expects to report revenue for the first quarter of 2026 in the range of $105.0 million to $109.0 million and Adjusted EBITDA (as defined below) for the first quarter of 2026 in the range of $(4.0) million to $(6.0) million. These preliminary financial estimates are based on the Company’s current expectations and may be adjusted as a result of, among other things, the completion of customary quarter-end close review proc…

of this Report, including Exhibit 99.1, attached hereto, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or Securities Act of 1933, as amended, expect as expressly set forth by specific reference in such a filing. ​ ​

Entry into a Material Definitive Agreement ​ On February 17, 2026, Angel Studios, Inc., a Delaware corporation (the “Company”), and certain of the Company’s subsidiaries entered into a Ratification and First Amendment to Loan and Security Agreement, effective as of September 9, 2025 (the “First Credit Facility Amendment”), which amended the Loan and Security Agreement (the “Credit Facility”), dated as of September 8, 2025, by and among Angel Studios Legacy, Inc. (f/k/a Angel Studios, Inc.), a…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers ​ On December 12, 2025, the Board of Directors of Angel Studios, Inc. (the “Company”) approved certain 2026 compensation arrangements for certain of the Company’s executive officers under the Company’s 2025 Long-Term Incentive Plan, including base salary adjustments and grants of restricted stock units (“RSUs”) and performance-based restricted stock…

Entry into a Material Definitive Agreement On December 5, 2025, Angel Studios, Inc., a Delaware corporation (the “Company”) entered into an Equity Distribution Agreement (the “Distribution Agreement”) with Oppenheimer & Co. Inc., TCBI Securities, Inc., doing business as Texas Capital Securities, Maxim Group LLC and Roth Capital Partners, LLC (each, a “Sales Agent,” and together, the “Sales Agents”), pursuant to which the Company may offer and sell from time to time shares of its Class A commo…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers ​ On November 18, 2025, the Compensation Committee of the Board of Directors of Angel Studios, Inc. (the “Company”) approved certain 2026 compensation arrangements for certain of the Company’s executive officers under the Company’s 2025 Long-Term Incentive Plan, including base salary adjustments and grants of restricted stock units (“RSUs”) and perf…

Entry Into a Material Definitive Agreement On November 14, 2025, Angel Studios, Inc., a Delaware corporation (“ Angel ”), entered into definitive agreements to acquire three of Angel’s highest-performing series on the Angel platform. Each of the agreements is described below. Acquisition of Tuttle Twins Show, LLC Merger Agreement On November 14, 2025, Angel entered into an Agreement and Plan of Merger (the “ TTS Merger Agreement ”), by and among Angel, Angel Tuttle Merger Sub, LLC, a Delaware…

of this Report, including Exhibit 99.1, attached hereto, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or Securities Act of 1933, as amended, expect as expressly set forth by specific reference in such a filing.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On November 6, 2025, the Company determined that there are currently no transactions with Ms. Liljenquist that would require disclosure under Item 404(a) of Regulation S-K. Also on November 6, 2025, the Company determined that the following transactions involving Mr. Crane are required to be disclosed under Item 404(a) of Regulation S-K: · Mr. Crane…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Election of New Directors On October 22, 2025, the Board of Directors (the “Board”) of Angel Studios, Inc. (the “Company”) voted to increase the size of the Board from five (5) to seven (7) directors. In connection with that action, the Board elected Katie Liljenquist and Benton Crane to fill the two newly created directorships, effective immediatel…

Entry into a Material Definitive Agreement. Term Sheet Angel Studios, Inc. (the “ Company ”) entered into a term sheet (the “ Term Sheet ”) with 2521 Entertainment, LLC (“ 2521 ”, together with the Company, the “ JV Partners ”) that sets forth the principal terms and conditions governing the joint venture between the JV Partners, through Giant Slayer Media LLC (“ Giant Slayer Media ” or the “ JV ”). The Term Sheet, pursuant to its terms, became binding on October 7, 2025, upon the execution o…

Changes in Registrant’s Certifying Accountant. On September 10, 2025, Angel Studios, Inc., a Delaware corporation (f/k/a Southport Acquisition Corporation (“ Southport ”)) (the “ Company ”), consummated the previously announced business combination pursuant to that certain Agreement and Plan of Merger, dated as of September 11, 2024 (as amended, the “ Merger Agreement ”), by and among the Company, Sigma Merger Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of the Company…

Regulation FD Disclosure. On September 10, 2025, Angel Studios, Inc., a Delaware corporation, as successor to Southport Acquisition Corporation, a Delaware corporation , issued a press release announcing the consummation of its previously announced business combination. A copy of such press release is furnished as Exhibit 99.1 hereto. The information in

Other Events. In connection with the vote to approve the Business Combination Proposal, the holders of 50 public shares of SAC Class A Common Stock properly exercised their right to redeem their shares (and did not withdraw their redemption) for cash at a redemption price of approximately $11.54 per public share, for an aggregate redemption amount of approximately $577. Additional Information and Where to Find It In connection with the proposed transaction, Southport filed a registration stat…

Other Events. This Current Report on Form 8-K is being filed in order to update and supplement the information in the Joint Proxy Statement/Prospectus by providing the supplemental disclosures set forth below. These disclosures should be read in connection with the Joint Proxy Statement/Prospectus, which should be read in its entirety. To the extent that the information set forth herein differs from or updates information contained in the Joint Proxy Statement/Prospectus, the information set…

Other Events. On August 11, 2025, Southport Acquisition Corporation (the “Company” or “Southport”) determined to postpone its special meeting of stockholders (the “Special Meeting”) originally scheduled for Friday, August 22, 2025 at 9:00 a.m., Eastern Time. The Special Meeting will now be held on Monday, August 25, 2025, at 9:00 a.m., Eastern Time. There is no change to the location, the record date, the purpose or any of the proposals to be acted upon at the Special Meeting. As a result of…

Entry into a Material Definitive Agreement. As previously disclosed, on September 11, 2024, Southport Acquisition Corporation, a Delaware corporation (“ Southport ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), by and among Southport, Sigma Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Southport (“ Merger Sub ”), and Angel Studios, Inc., a Delaware corporation (“ Angel Studios ”) , pursuant to which Merger Sub will merge with and…

Other Events. On January 15, 2025, certain third-party investors in Southport Acquisition Corporation (the “Company”) transferred an aggregate of 262,502 shares of Class B common stock, par value $0.0001 per share, of the Company (“Class B Common Stock”), which had previously been transferred by Southport Acquisition Sponsor LLC (the “Sponsor”) to such investors, back to the Sponsor for no additional consideration in connection with the liquidation of certain of such investors’ investment veh…