Angel Studios Prices Public Offering of 14.3 Million Shares, Expected to Raise $30 Million
Angel Studios priced its underwritten public offering of 14,300,000 shares of its Class A common stock at a public offering price of $2.10 per share, for total expected gross proceeds of approximately $30M, before deducting underwriting discounts and commissions and offering expenses. The Company granted the underwriters a 30-day option to purchase up to an additional 2,145,000 shares of its Common Stock at the public offering price, less the underwriting discounts and commissions. The offering is subject to customary closing conditions and is expected to close on April 13. Roth Capital Partners is acting as the sole book-running manager for the offering. Maxim Group and Texas Capital Securities are acting as co-lead managers for the offering.
