#USA #Provo #IPO #Angel Studios #Southport Acquisition

Angel Studios Inc. Moves Towards Becoming Publicly Traded

Angel Studios Inc., a prominent player in the film and television distribution landscape, is approaching a significant milestone with plans to become publicly traded. Set against the backdrop of its engaged community of around 1.5 million members within the Angel Guild, the company has scheduled a special meeting for its shareholders to approve a critical business merger. This union will substantially propel Angel Studios into the public arena, facilitating broader access to capital and opportunities for growth.

Shareholder Meeting Details

The special meeting is slated for September 5, 2025, at 10:00 AM ET and will be conducted virtually via a live webcast. Stockholders whose records are confirmed as of August 1, 2025, will have the chance to cast their votes on the proposed merger. This transaction involves a partnership with Southport Acquisition Corporation, a special purpose acquisition company (SPAC) aimed at supporting Angel’s ambitions to enhance content distribution and elevate audience engagement.

Neal Harmon, the CEO and co-founder of Angel Studios, emphasized the importance of this upcoming meeting, urging investors to participate in shaping the future of the company. He believes that through collective efforts, they can transform how stories are told and amplify positive narratives across mainstream entertainment. Harmon remarked on the movement they have cultivated—empowering audiences to influence which projects gain visibility and investment.

Progress and Growth Underpinning the Merger

As part of the preparation for this merger, Angel Studios has exhibited noteworthy growth metrics. Since initiating discussions for the merger in the third quarter of 2024, the company has witnessed remarkable surges in both membership and revenue.

• - Membership has surged from approximately 222,000 to around 1.5 million across over 180 countries.
• - Revenue reports for the second quarter of 2025 show an impressive rise to $87.4 million, a substantial increase from $15.3 million during the same quarter in the previous year. $39.4 million of this revenue can be attributed to Angel Guild memberships alone.
• - Additionally, Angel Studios successfully raised $47.2 million in the first half of 2025, enhancing its financial stability and aligning with its mission to produce valuable content.
• - The Angel App recorded 70.5 million installations by late June 2025, repealing any doubts about its audience appeal.

Angel Studios has also bolstered its leadership team with new appointments, such as including Robert C. Gay on the board and bringing in seasoned industry experts like Scott Klossner as CFO and Glen Nickle as CLO.

Implications of the Merger

If stockholder approval for the merger is secured, it paves the way for the conversion of Angel’s Class A and Class C common stock into shares of the newly combined company, poised to trade under the ticker symbol ANGX. Importantly, the Class B common stock will remain privately held but will grant enhanced voting rights, ensuring that foundational shareholders maintain significant influence over company direction.

The merger strategic move signifies Angel’s intent not only to access public markets but also to further its mission of amplifying light through impactful storytelling. This transition will enable the company to leverage broader capital resources to invest in innovative storytelling that resonates with audiences worldwide.

Further details about the merger, alongside the registration statement that has been approved by the Securities and Exchange Commission, can be found on the SEC's website. Angel Studios aims to foster a symbiotic relationship with its audience, allowing them to have a voice in the projects they wish to see flourish.

Conclusion

Angel Studios stands on the brink of an exciting new chapter in its journey as it prepares for this operational leap into the public hemisphere. With a strong community backing, enhanced leadership, and impressive growth metrics, the company is well-positioned to lead a new era of entertainment that not only entertains but also uplifts and inspires its viewers.