Angel Studios, Inc. - Form 8-K Filing Regarding Equity Offering

Angel Studios, Inc. has entered into an underwriting agreement with Roth Capital Partners, LLC for the issuance and sale of 14,300,000 shares of its Class A common stock at a price of $2.10 per share. The offering is expected to yield approximately $28.0 million in net proceeds after deducting underwriting discounts and commissions, and offering expenses. Additionally, the company has granted the underwriters an option to purchase up to 2,145,000 additional shares of common stock. The agreement includes customary representations, warranties, covenants, and closing conditions, with indemnification provisions for both parties. The offering is being made under the company's effective shelf registration statement on Form S-3 and is expected to close around April 13, 2026. The company also announced the pricing of this offering via a press release.