Just weeks after raising $20 million in 11 days through its unique “Angel Guild” financing model, Provo’s Angel Studios has announced a plan to go public through a merger with Southport Acquisition Corp. Upon closing of the combination with the special purpose acquisition company, the combined company’s Class A common stock is expected to be listed on the NYSE or Nasdaq under the ticker symbol “AGSD.”
Southport is a so-called “blank-check” investment company that offers an alternative to the traditional IPO method of going public. The merger deal is valued at $1.6 billion.
Existing Angel Studio — whose movie “Sound of Freedom” was among the top 10 highest Please log in to see the rest of this story.
