Angel Studios to go public via $1.6 bln SPAC deal
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Angel Studios plans to go public through a merger with Southport Acquisition Corporation, valuing the deal at $1.6 billion. Founded in 2013 by CEO Neal Harmon, the company earns revenue from licensing films and shows to platforms like Amazon and Netflix. After the merger, its Class A common stock will be listed on NYSE or Nasdaq under the ticker "AGSD." SPACs, which gained popularity in 2020, are facing declining interest due to regulatory scrutiny and economic challenges.
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