Southport Acquisition, Angel Studios enter business combination agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2024
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Angel Studios Goes Public: Angel Studios has agreed to merge with Southport Acquisition Corporation, aiming for a public listing under the ticker "AGSD" on NYSE or Nasdaq, with an expected enterprise value of $1.6 billion upon completion in 2025.
Successful Film Releases: The studio's recent films, including "HIS ONLY SON" and "SOUND OF FREEDOM," have performed well at the box office, grossing approximately $13.5 million and $250 million respectively, while engaging a large community of investors through the Angel Guild.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
