ANGX News & Events

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.

Reports Q4 revenue $109.9M, consensus $92.6M. "We listed on NYSE, achieved the highest average domestic box office per title among all independent distributors, and received by far the highest audience satisfaction scores in the industry - again," said Angel co-founder and CEO Neal Harmon. "It is all due to the wisdom, passion, and guidance of our Angel Guild, which more than tripled in size this year to more than two million strong, generating $360 million in annual recurring revenue. The Guild proves every day that there is a growing global audience for values-driven films and television."

The company states: "The Company anticipates a significantly narrowed Adjusted EBITDA loss of less than $25 million for the full year 2026. By the end of 2026, we expect to add 730 titles (including films, episodes, and comedy specials), making Angel one of the fastest-growing libraries of values-driven films and television series anywhere in the world."