Angel Studios Celebrates Successful Merger with Southport Corp
Merger Highlights for Angel Studios, Inc.
Angel Studios, Inc. has successfully completed its long-awaited business combination with Southport Acquisition Corporation. This significant milestone allows Angel Studios to begin trading under the ticker symbol "ANGX" on the New York Stock Exchange (NYSE). The combination reflects Angel's ambition to reshape the entertainment industry by engaging its dedicated community of over 1.5 million grassroots Angel Guild members.
A Shared Vision for Storytelling
Neal Harmon, the co-founder and CEO of Angel Studios, expressed his excitement about the merger, stating, "This marks a huge milestone for Angel and our 1.5 million-plus Guild members worldwide. Our model and technology are leading a movement to reshape entertainment, empowering audiences as virtual co-producers." This innovative approach empowers audiences to collaborate on projects that align with their values and beliefs, promoting light and uplifting narratives.
Angel's New Chapter in Public Company Status
The public launch of Angel Studios not only highlights their growth trajectory but also showcases the increasing demand for values-based content. With strong membership growth and revenue performance, the company is poised for expansive reach into global markets, successfully responding to audience preferences.
Financial Backing and Future Plans
Recently, Angel Studios announced that it secured a $100 million credit facility with Trinity Capital, aimed at enhancing its production capacity and expanding the Angel Guild. This solid financial backing indicates a bright future for the company as it seeks to develop more content that resonates with its audience.
Celebratory Events and Public Recognition
As part of its debut as a public company, Angel Studios is set to ring the NYSE closing bell, a ceremonial event that celebrates their achievements and the exciting new phase ahead. This visibility will amplify their messaging and further engage with the wider investor community.
Commitment to Values-Based Media
Angel Studios has carved out a niche within the entertainment sector by focusing on uplifting content that reinforces positive values. The company allows Guild members to actively participate in the decision-making process regarding which creative projects to pursue, fundamentally changing how content is produced and consumed.
Partnerships and Advisory Support
Angel Studios has collaborated with Roth Capital Partners and Lake Street as capital markets advisors to facilitate this merger. Such professional guidance is essential as the company navigates its next steps in public markets and continues to build its brand in the competitive landscape of media and entertainment.
About Angel Studios, Inc.
Founded with the mission to distribute stories that promote positivity and light, Angel Studios operates a member-driven model where it engages over 1.5 million paying members across more than 180 countries. This unique platform not only elevates the production of films and TV shows but also supports independent filmmakers in creating impactful narratives.
Frequently Asked Questions
What is the primary focus of Angel Studios?
Angel Studios primarily focuses on distributing stories that promote light and strong values, engaging its Guild members in the decision-making process.
When will Angel Studios begin trading publicly?
Angel Studios is expected to start trading on the New York Stock Exchange under the ticker symbol ANGX on September 11, 2025.
What is the significance of the merger with Southport Acquisition Corporation?
The merger positions Angel Studios to leverage public markets for growth, enabling it to scale its operations and expand its unique storytelling efforts.
How many members are part of the Angel Guild?
Currently, the Angel Guild boasts over 1.5 million members who significantly influence the projects the company undertakes.
Who are the key advisors for Angel during the merger?
Roth Capital Partners and Lake Street are serving as the capital markets advisors for Angel Studios, providing essential guidance throughout the merger process.
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