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Angel Studios Soars 8.4% on NYSE Debut, Valued at $1.6B

9/12/2025

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Summary

Story summary

Angel Studios launched on the NYSE as ANGX after merging with SPAC Southport Acquisition Corp, achieving a valuation of $1.6 billion.
Shares increased by 8.4% on the first day, following a 50% rise earlier.
The company has 1.5 million Angel Guild members who vote on project approvals.
Notable films include "Sound of Freedom," grossing over $250 million, and "The King of Kings."
Angel Studios reported a net loss of $53.3 million in the first half of 2025.

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Story summary

Angel Studios launched on the NYSE as ANGX after merging with SPAC Southport Acquisition Corp, achieving a valuation of $1.6 billion.
Shares increased by 8.4% on the first day, following a 50% rise earlier.
The company has 1.5 million Angel Guild members who vote on project approvals.
Notable films include "Sound of Freedom," grossing over $250 million, and "The King of Kings."
Angel Studios reported a net loss of $53.3 million in the first half of 2025.