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Southport Acquisition Corporation Stockholders Approve Business Combination with Angel Studios
PORT
M&A
Proxy Vote Outcomes
- Southport Acquisition Corporation (SAC) stockholders and warrantholders approved all proposals at their respective special meetings held on August 25, 2025.
- The Business Combination Proposal was approved, which will result in SAC merging with Angel Studios, Inc. and being renamed "Angel Studios, Inc." upon closing.
- The Warrant Amendment Proposal was approved, converting each outstanding public warrant into 0.1 newly issued share of SAC Class A Common Stock.
- 50 public shares of SAC Class A Common Stock were redeemed for cash at approximately $11.54 per share, totaling approximately $577.
Aug 25, 2025, 12:00 AM
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