Angel Studios To Become A Publicly Traded Company Via Business Combination With Southport Acquisition Corp; The Combined Company's Class A Common Stock Is Expected To Be Listed On The NYSE Or Nasdaq Under The Ticker Symbol "AGSD"
Portfolio Pulse from Benzinga Newsdesk
Angel Studios is set to go public through a merger with Southport Acquisition Corp, with plans to list on NYSE or Nasdaq under the ticker 'AGSD'. The company reported $45 million in revenue for the first half of 2024, up from $39 million in 2023. The merger is expected to close in the first half of 2025.
September 11, 2024 | 1:09 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Southport Acquisition Corp is merging with Angel Studios to take it public, with the new entity to be listed as 'AGSD'. This merger is expected to close in the first half of 2025.
The merger with Angel Studios is a significant event for Southport Acquisition Corp, as it will transition from a SPAC to a company with active business operations. The expected listing on NYSE or Nasdaq under 'AGSD' could attract investor interest, potentially driving up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100