Angel Studios Prepares for Public Trading: Special Meeting Set
Angel Studios' Journey to Becoming Publicly Traded
Angel Studios Inc., a prominent platform for film and TV curated by a diverse community of supporters, is making significant strides toward becoming publicly traded. This follows their announcement of a special meeting aimed at securing shareholder approval for an important business merger transaction.
Special Meeting to Approve Business Combination
The special meeting has been organized for stockholders to vote on the business merger that will allow Angel Studios to transition to a publicly traded entity. This meeting is crucial as it represents a key step in approving the merger with Southport Acquisition Corporation, a special purpose acquisition company.
Understanding the Importance of Participation
Neal Harmon, co-founder and CEO of Angel Studios, emphasized the importance of active participation from stockholders. He stated, "It’s vital that our investors engage and help shape the future of Angel. Together, we are transforming the entertainment landscape by empowering audiences to support the content they want to see.”
Timeline and Expectations
The special meeting is set to occur virtually, making it accessible to a wider audience. Shareholders eligible to vote will have the opportunity to influence the trajectory of Angel Studios as they prioritize audience-driven media projects.
Proxy Statement Filing
In preparation for the meeting, a Proxy Statement has been submitted to the regulatory body overseeing such transactions. This document outlines the proposals that shareholders will vote on and has already been distributed to those holding stocks as of the Record Date set forth in company communications. It's essential for investors to review these materials carefully.
Angel Studios: Growth Trajectory
Angel Studios has experienced remarkable growth prior to its public offering. Their community of paying members has surged to around 1.5 million individuals across more than 180 countries, reinforcing the company's foundation built on audience engagement and support for impactful storytelling.
Impressive Financial Growth
In terms of revenue, the company reported $87.4 million in revenue for the second quarter of 2025, an impressive increase from the previous year’s $15.3 million. This growth trajectory is indicative of the company’s commitment to delivering quality content and strengthening its engagement with audiences.
Leadership Enhancements
To further strengthen its direction, Angel Studios has expanded its leadership team, incorporating industry veterans into its ranks. The appointment of Robert C. Gay to the board of directors alongside the hiring of skilled financial professionals signals the company’s readiness to navigate the complexities of being publicly traded.
Future Listing Information
If the merger is approved by shareholders, trading is expected to commence shortly thereafter under the ticker symbol "ANGX". This new symbol represents a new chapter for Angel Studios, as it moves to gain a presence in public markets.
A New Chapter for Angel Studios
By transitioning to a publicly traded company, Angel Studios aims to secure broader access to capital, further empowering its mission to amplify unique narratives that resonate with global audiences. The combination of expanded capital resources and a dedicated audience positions the company uniquely within the entertainment industry.
Investor Relations Contact
For more inquiries regarding this development or information about the company, investors can reach out to Shannon Devine via the MZ Group North America. Email communications are encouraged to ensure timely responses and engagement.
Frequently Asked Questions
What is the purpose of the special meeting?
The special meeting seeks shareholder approval for the merger that will make Angel Studios publicly traded.
How will stockholders participate in the vote?
Stockholders of record will be entitled to participate in the vote that will shape the future of the company.
What significant growth has Angel Studios achieved?
Angel Studios has grown its membership significantly, reaching approximately 1.5 million paying members and reporting substantial revenue growth for Q2 2025.
What ticker symbol will Angel Studios use once it goes public?
The company plans to trade under the ticker symbol "ANGX" following the merger approval.
How can shareholders stay informed about the meeting?
Shareholders are encouraged to review proxy materials and stay connected through investor communications.
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