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SPAC · Merger completed

Southport Acquisition Corp

Business combination with Angel Studios, Inc.

Southport Acquisition Corp is a blank-check company (SPAC) that raised $200M in its initial public offering on Dec 10, 2021, listing on New York Stock Exchange. It completed its business combination with Angel Studios, Inc. on Sep 10, 2025; the combined company is Angel Studios, Inc. (ANGX). BofA Securities led the IPO. Sidley Austin advised the SPAC and Freshfields advised the underwriters on the IPO.

Angel Studios is a community-driven movie studio founded in 2013 by CEO Neal Harmon and his brothers. It lets audiences decide which films and shows get produced and distributed, building communities around each project.

Status
Merger completed
IPO date
Dec 10, 2021
IPO size
$200M
IPO exchange
New York Stock Exchange
Target
Angel Studios, Inc. (Angel Legacy)
Announced
Sep 11, 2024
Closed
Sep 10, 2025
Combined company
Angel Studios, Inc. (ANGX)
IPO underwriters
BofA Securities
SPAC counsel (IPO)
Sidley Austin
Underwriters' counsel (IPO)
Freshfields

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