Utah-based Angel Studios, Inc., a media and technology firm, went public on Sept. 11 following the completion of its partnership with Southport Acquisition Corporation, a special purpose acquisition company based in Delaware.
The combined company now operates as Angel Studios, Inc., with its Class A common stock beginning trading on Sept. 11 on the New York Stock Exchange under the ticker ANGX.
Shares of the independent studio behind films such as “Sound of Freedom” rose as much as 70 percent in initial trading and closed at $13, up by 8.42 percent.
Released in 2023, “Sound of Freedom” is based on a true story involving the destruction of a child abuse ring….