Angel Studios Inc., the Provo-based film and television production and distribution platform that lets members of its Angel Guild decide on the films it will make, has set a date for its shareholders to vote to approve a business merger transaction that will result in Angel becoming publicly traded.
Stockholders of the company will meet virtually on Sept. 5 to decide if Angel should go ahead with a proposed merger with Southport Acquisition Corp., a special purpose acquisition company that is currently traded on the Over-the-Counter stock exchange.
Southport Acquisition Corp., led by Jared Stone as chairman and Jeb S. Spencer as CEO, is an investment firm, commonly called a “blank check” company, formed for the specific purpose of merging with or acquiring another business. The process allows companies to skirt the normal initial public offering process of becoming publicly traded.
“It’s time to vote and it’s important that our investors participate and help chart the future of Angel,” said Neal Harmon, co-founder and CEO of Angel. “Together, we’re reshaping the entertainment landscape by empowering audiences to champion, support and improve the stories they want to see make the world a better place. Thank you for being part of the movement to tell stories that amplify light.”
The special meeting will be held at 10 a.m. Eastern time Sept. 5 via a live webcast at https://www.cstproxy.com/angel/2025. Stockholders of record as of the close of business on Aug. 1 will be eligible to vote on the proposed transaction.
If stockholders approve the merger, Harmon said, the transaction will close shortly after the vote and following completion of some exchange listing requirements, Angel Studios will begin trading under the ticker symbol ANGX. Angel Class A and Class C common stock will convert to the combined company Class A common stock. All Angel Class B and Class F common stock will convert into shares of combined company Class B common stock, which will continue to be privately held.
The proposed merger and public trading of Angel stock follows a period of substantial growth by the company. Since the merger effort was announced a year ago, Angel Guild membership has grown from 222,000 to approximately 1.5 million paying members across more than 180 countries. The firm’s revenue grew to $87.4 million in the second quarter of this year, compared to $15.3 million in the year-earlier quarter. More than $39 million of that is attributable to Angel Guild memberships.
“The combined company will be positioned to accelerate Angel’s mission of empowering audiences to support stories that amplify light, while gaining access to public markets and broader capital resources,” Harmon concluded.