Angel Studios Marks New Chapter with NYSE Debut Under ANGX
Angel Studios, Inc. Completes Business Combination
Angel Studios, Inc. has officially completed its business combination with Southport Acquisition Corporation, marking a significant moment for the company and its members. As a dominant force in the media and technology landscape, Angel Studios brings together over 1.5 million grassroots Angel Guild members who advocate for stories founded on strong values.
Stock Trading Under Ticker Symbol "ANGX" Begins
With this new venture, Angel Studios is set to trade on the New York Stock Exchange under the ticker symbol "ANGX". The commencement of trading is anticipated to take place shortly after the merger's completion. This transition not only highlights the company’s growth but also the pivotal role its representation in the stock market signifies for its global audience.
Statements from Leadership
Neal Harmon, co-founder and CEO of Angel Studios, expressed excitement about this breakthrough. He stated, "This transaction represents a monumental achievement for Angel and our expansive Guild of members. We are excited to lead a movement that redefines entertainment and champions audiences as co-producers in our storytelling process." His commentary illuminates the community-centric approach that the company champions, allowing audiences to directly influence the narratives they wish to see.
Growth and Innovation
As Angel Studios transitions into the public sphere, it boasts considerable momentum. The organization's growth in membership, increasing revenue, and a burgeoning global audience solidify its position within the marketplace. Recent capital ventures illustrate the company’s readiness to innovate further, enhancing its presence and encouraging values-driven storytelling that seeks to resonate across diverse audiences.
Recent Financial Developments
Recently, the company closed a substantial credit facility of $100 million with a well-regarded alternative asset manager. This funding is earmarked for expanding the Angel Guild, increasing opportunities for storytelling projects, and enhancing technological innovations within the entertainment sector.
Celebrating Milestones
In keeping with their momentum, Angel Studios is scheduled to celebrate its new listing by ringing the closing bell at the NYSE. This event not only symbolizes a new chapter but also serves as a recognition of the hard work and dedication from all members of the company.
Who Are the Key Advisors?
In navigating this transformative period, Angel Studios has enlisted a series of respected advisors. Roth Capital Partners and Lake Street act as capital markets advisors, while Oppenheimer & Co. serves in a financial advisory role for Southport. Legal representation is offered by Mayer Brown LLP for Angel Studios and Wachtell, Lipton, Rosen & Katz for Southport, ensuring the company follows regulations and navigates the complexities associated with such business combinations.
About Angel Studios, Inc.
Angel Studios, Inc. is devoted to sharing values-based stories. Its unique model allows over 1.5 million paying Angel Guild members from across the globe to impact which film and television projects are developed. By supporting filmmakers who aim to amplify positive narratives, Angel Studios is reshaping the distribution landscape in entertainment.
About Southport Acquisition Corporation
Southport Acquisition Corporation serves as a blank check company, providing a platform for mergers and acquisitions aimed at creating long-term value. Established with a vision to engage in significant business combinations, Southport is helmed by distinguished executives committed to bringing compelling opportunities to fruition.
Frequently Asked Questions
What is Angel Studios known for?
Angel Studios, Inc. is recognized for its values-driven media and technology model, connecting audiences with impactful stories.
What ticker symbol will Angel Studios use?
Angel Studios will trade under the ticker symbol "ANGX" on the New York Stock Exchange.
What major event is Angel Studios hosting?
Angel Studios plans to ring the closing bell at the NYSE to celebrate its new market entry.
How many members are part of the Angel Guild?
The Angel Guild consists of over 1.5 million members who influence the company's storytelling projects.
Who are the key advisors for this business combination?
Roth Capital Partners, Lake Street, Oppenheimer & Co., and several law firms play crucial advisory roles in this merger.
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