Southport Acquisition Corp. Announces Definitive Agreement

TL;DR

SPAC Southport Acquisition Corp. has a deal to buy a company, details TBD.

AI Summary

Southport Acquisition Corp. announced on August 21, 2025, that it has entered into a definitive agreement to acquire a target company. The filing does not disclose the name of the target company or the financial terms of the transaction, but it does mention that Southport Acquisition Corp. is a special purpose acquisition company incorporated in Delaware.

Why It Matters

This filing indicates that Southport Acquisition Corp. is moving forward with its business combination, which could lead to a significant change in the company's structure and operations.

Risk Assessment

Risk Level: medium — The risk level is medium due to the inherent uncertainties in SPAC mergers, including the potential for deal failure and the lack of specific details about the target company and transaction terms.

Key Players & Entities

• Southport Acquisition Corp. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• August 21, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — g of one share of Class A common stock, $0.0001 par value, and one-half of one warrant
• $11 — A common stock at an exercise price of $11.50, subject to adjustment PORTW OTC

Filing Documents

• tm2425114d25_8k.htm (8-K) — 84KB
• 0001104659-25-081436.txt ( ) — 308KB
• port-20250821.xsd (EX-101.SCH) — 4KB
• port-20250821_def.xml (EX-101.DEF) — 27KB
• port-20250821_lab.xml (EX-101.LAB) — 37KB
• port-20250821_pre.xml (EX-101.PRE) — 25KB
• tm2425114d25_8k_htm.xml (XML) — 7KB

01 Other Events

Item 8.01 Other Events. This Current Report on Form 8-K is being filed in order to update and supplement the information in the Joint Proxy Statement/Prospectus by providing the supplemental disclosures set forth below. These disclosures should be read in connection with the Joint Proxy Statement/Prospectus, which should be read in its entirety. To the extent that the information set forth herein differs from or updates information contained in the Joint Proxy Statement/Prospectus, the information set forth herein shall supersede or supplement the information in the Joint Proxy Statement/Prospectus. Capitalized terms used but not defined herein have the meanings set forth in the Joint Proxy Statement/Prospectus. The Company makes the following amended and supplemental disclosures: All uses of the following phrase in the Joint Proxy Statement/Prospectus are hereby amended and supplemented as follows (with bold and underline text indicating additional language): the Combined Company will be considered a "controlled company" within the meaning of the Nasdaq listing rules and/or the NYSE listing rules and may elect not to comply with certain corporate governance listing standards All uses of the following phrase in the Joint Proxy Statement/Prospectus are hereby amended and supplemented as follows (with bold and underline text indicating additional language): the Combined Company will be considered a "controlled company" within the meaning of the Nasdaq Stock Market LLC (the "Nasdaq") listing rules and/or the New York Stock Exchange ("NYSE") listing rules and may elect not to comply with certain corporate governance listing standards All uses of the following sentence in the Joint Proxy Statement/Prospectus are hereby amended and supplemented as follows (with bold and underline text indicating additional language): SAC will apply to have the Combined Company Class A common stock listed on the Nasdaq Capital Market or the NYSE under the ticker symbol "ANGX."

Forward-Looking Statements

Forward-Looking Statements This communication may contain certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Angel Studios and Southport. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking a timely manner or at all, whi

View Full Filing

View this 8-K filing on SEC EDGAR