Angel Studios Stock Rises Following Southport Business Combination

Dow Jones

Sep 12

By Kelly Cloonan

Angel Studios climbed following the close of its business combination with Southport Acquisition, a special purpose acquisition company.

Shares of the combined company rose 46% to $17.50 on Thursday. Shares of Southport closed at $11.99 Wednesday.

The stock of the combined company, under the ticker symbol ANGX, opened at $17.91 on the New York Stock Exchange Thursday.

The film and television distribution company said in a securities filing last year that the transaction would give it an $1.6 billion enterprise value.

Angel Studios aims to allow members of its guild to choose which film and television projects it will market and distribute. About 104,000 of its guild members have invested almost $80 million in projects distributed by the studio so far.

The company recorded revenue of $45 million in the six months ending June 30, 2024, up from $39 million in the same period of the previous year.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

September 11, 2025 12:08 ET (16:08 GMT)

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Shares of Southport closed at $11.99 Wednesday. \n\n\n  The stock of the combined company, under the ticker symbol ANGX, opened at $17.91 on the New York Stock Exchange Thursday. \n\n\n  The film and television distribution company said in a securities filing last year that the transaction would give it an $1.6 billion enterprise value. \n\n\n  Angel Studios aims to allow members of its guild to choose which film and television projects it will market and distribute. 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