- **Southport Acquisition Corporation (SAC)** stockholders and warrantholders **approved all proposals** at their respective special meetings held on **August 25, 2025**.  **[1865200_0001104659-25-082512_tm2425114d28_8k.htm:1]** **[1865200_0001104659-25-082512_tm2425114d28_8k.htm:2]** **[1865200_0001104659-25-082512_tm2425114d28_8k.htm:3]** 
- The **Business Combination Proposal** was approved, which will result in SAC merging with Angel Studios, Inc. and being renamed **"Angel Studios, Inc."** upon closing.  **[1865200_0001104659-25-082512_tm2425114d28_8k.htm:1]** **[1865200_0001104659-25-082512_tm2425114d28_8k.htm:2]** 
- The **Warrant Amendment Proposal** was approved, converting each outstanding public warrant into **0.1 newly issued share of SAC Class A Common Stock**.  **[1865200_0001104659-25-082512_tm2425114d28_8k.htm:3]** 
- **50 public shares** of SAC Class A Common Stock were redeemed for cash at approximately **$11.54 per share**, totaling approximately **$577**.  **[1865200_0001104659-25-082512_tm2425114d28_8k.htm:4]**

Southport Acquisition (PORT)