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Southport Acquisition
PORT.US
Southport Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Fairfield, Connecticut. Southport Acquisition Corporation is a subsidiary of Southport Acquisition Sponsor LLC.
1.204 T
PORT.USMarket value -Rank by Market Cap -/-

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    News
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    Southport Acquisition Corporation Identifies Material Weaknesses in Financial Controls, No Reportable Events Found

    Southport Acquisition Corporation, now Angel Studios, Inc., announced a change in its certifying accountant after merging with Angel Studios Legacy, Inc. An audit by BDO found material weaknesses in financial reporting controls for the fiscal years ending December 31, 2024, and 2023, specifically in cash flow presentation, excise tax liabilities, and accrued liabilities. Despite these weaknesses, there were no disagreements with BDO on accounting practices. The audit raised concerns about Southport's ability to continue as a going concern, pending the execution of its business plan.

    Reuters·
    US
    PORT
    0.00%
    US
    ANGX
    +1.82%
    Reuters·
    US
    PORT
    0.00%
    US
    ANGX
    +1.82%

    Angel Studios Completes Merger with Southport Acquisition

    Angel Studios, Inc. has successfully merged with Southport Acquisition Corp., with the new entity set to trade on the NYSE under the ticker ‘ANGX’ from September 11, 2025. This merger reflects Angel's growth in membership and revenue, supported by a $100 million credit facility from Trinity Capital. Angel Studios focuses on values-based storytelling and has a community of over 1.5 million members globally who influence its project decisions. The current market cap stands at $214.2 million, with a technical sentiment signal indicating a buy.

    Tip Ranks·
    US
    PORT
    0.00%
    US
    ANGX
    +1.82%
    Tip Ranks·
    US
    PORT
    0.00%
    US
    ANGX
    +1.82%

    Southport Acquisition Corporation Convened Special Stockholder Meeting

    Southport Acquisition Corporation held a special stockholder meeting on August 25, 2025, where several proposals were considered and approved. These included the Business Combination Proposal for merging with Angel Studios, Inc., the Charter Proposal for adopting a new certificate of incorporation, and Governance Proposals that allow stockholders to call special meetings and amend bylaws. The meeting's outcomes are significant for the company's future operations and governance structure.

    Reuters·
    US
    PORT
    0.00%
    US
    ANGX
    +1.82%
    Reuters·
    US
    PORT
    0.00%
    US
    ANGX
    +1.82%

    Angel Studios Inc. Shareholders to Vote on Proxy Proposal for Business Merger with Southport Acquisition Corporation at Upcoming Special Meeting

    Angel Studios Inc. will hold a Special Meeting on September 5, 2025, for shareholders to vote on a merger with Southport Acquisition Corporation. This merger is a key step towards Angel becoming publicly traded, with eligible voters being shareholders of record as of August 1, 2025. The Board recommends voting "FOR" all proposals, which, if approved, will list the combined company's Class A common stock under the ticker "ANGX." This decision follows Angel's significant growth over the past year.

    Reuters·
    US
    PORT
    0.00%
    US
    ANGX
    +1.82%
    Reuters·
    US
    PORT
    0.00%
    US
    ANGX
    +1.82%

    Southport Acquisition Co. (NYSE:PORT) Sees Large Growth in Short Interest

    Southport Acquisition Co. (NYSE:PORT) experienced a significant increase in short interest in July, rising 300% from 100 shares to 400 shares as of July 31. With an average trading volume of 600 shares, the days-to-cover ratio stands at 0.7 days. The stock traded at $13.00, with a 52-week range of $10.80 to $20.00. The company focuses on mergers and acquisitions in the financial software sector, particularly in mortgage and real estate.

    Market Beat·
    US
    PORT
    0.00%
    US
    ANGX
    +1.82%
    Market Beat·
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    PORT
    0.00%
    US
    ANGX
    +1.82%
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