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Angel Studios Rises 11% in NYSE Debut After SPAC Merger

Investor interest followed a SPAC deal, with the studio relying on its 1.5 million‑member Guild to shape and bankroll projects.

Overview

  • Shares began trading Thursday under ticker ANGX and closed up 11.25% after surging more than 50% intraday.
  • The listing follows a completed merger with Southport Acquisition Corp., valuing the company at about $1.6 billion in pro‑forma enterprise value.
  • Angel’s audience‑driven Angel Guild counts roughly 1.5 million members and generated $101.1 million in cash in the first half of 2025.
  • The company remains unprofitable, reporting $135 million in H1 2025 revenue and a $53.3 million net loss, with $28 million in cash as of June 30.
  • Recent financings include a $55 million Class C share sale and a $100 million credit facility from Trinity Capital to support growth.