ADDED
(Exact name of registrant as specified in its charter) Delaware 86-3483780 (State or other jurisdiction of incorporation or organization) (I.R.S.
As of March 9, 2026, 112,425,272 shares of the Registrant s Class A common stock, $.0001 par value per share, and 57,082,997 shares of the Registrant s Class B common stock, $.0001 par value per share, were outstanding.
The Proxy Statement will be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K.
(f/k/a Angel Studios, Inc.), a Delaware corporation ( Angel Legacy ).
Pursuant to the terms of the Merger Agreement, a merger was effected in which Merger Sub merged with and into Angel Legacy, the separate corporate existence of Merger Sub ceased and Angel Legacy survived as the surviving company and direct wholly-owned subsidiary of the Company (the Merger and, collectively with the other transactions described in the Merger Agreement, the Business Combination ).
On the Closing Date (as defined in the Merger Agreement), and prior to the Effective Time (as defined in the Merger Agreement), the Company changed its name from Southport Acquisition Corporation to Angel Studios, Inc.
Angel Legacy subsequently merged up and into Angel Studios, Inc., with Angel Studios, Inc.
References in this Annual Report on Form 10-K (this Annual Report ) to we, us, our, Angel Studios or the Company are to Angel Studios, Inc.
and its subsidiaries and affiliates after the close of the Business Combination.
All statements, other than statements of historical fact included in this Annual Report including, without limitation, statements under Part II, Item 7.
REMOVED
7262(b)) by the registered public accounting firm that prepared or issued its audit report.
As of April 15, 2025, there were 4,237,987 shares of Class A common stock and 1,550,000 shares of Class B common stock of the registrant issued and outstanding.
Those forward-looking statements include, but are not limited to, statements regarding our or our management team s expectations, hopes, beliefs, intentions or strategies regarding the future.
In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
The words anticipate, believe, continue, could, estimate, expect, intends, may, might, plan, possible, potential, predict, project, should, would and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not a forward-looking statement.
The forward-looking statements contained in this report are based on our current expectations and beliefs concerning future developments and their potential effects on us.
These risks and uncertainties include, but are not limited to, those factors described under the heading Item 1A.
Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
General Southport Acquisition Corporation is a blank check company incorporated as a Delaware corporation on April 13, 2021 and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.