Angel Studios closes the Spac Agreement to become a public trading company

Angel Studioswhich built the movies portfolio based on faith and TV shows and has 1.5 million members of its program Angel Guild, completed the merger agreement to become a public company.

The money losing company, whose biggest hit movie thriller is a film “The sound of freedom“He said on Wednesday that he closed his business combination with the Corp. Sun Survey (Spac). The Spac poll entered the combined entities in the process of processing companies. Spaces allow companies to finance and go to run traditional IPO.

The combined company will work as Angel Studios Inc., it is expected that its classes of the usual stock will start trading at the New York Stock Exchange in the morning of 11. September within the Symbol of Tika “Angks”.

Neal Harmon, co-founder, president and director, will continue to run a post-merging company. Two of his brothers are also older Ecsecs: Jordan Harmon serves as president, and Jeffrey Harmon is a major content officer.

“This signifies a huge milestone for angels and our guild around the world 1.5 million plus,” Neal Harmon said in the statement. “Our model and technology water movement to the entertainment, empowering audience as a virtual co-product. Guild chooses stories that increase the light and timber, TV, TV, TV, TV, TV and angel.”

The company is not profitable: the first six months of 2025. year, Angel rose almost three times to $ 135 million, while his net loss of $ 37.4 million in a period of $ 37.4 million).

The Giend Guild program generated $ 101.1 million in the first half of the year, but according to society, a significant part of the entire net loss during that time was a consequence of permanent marketing costs for increasing membership in the angel. Guild Anđela allows you to vote about 1.5 million payments to choose which movies and TV shows greenery and fund these projects with their membership.

One of the largest Hits Angel Studios was the TV show “Chosen” about the life of Jesus Christ. Last year, Angel has lost the right to a series After the arbitrator gave 5 and 2 Studios of the Founders Dallas Jenkins monitoring “selected” franchise.

To date, Angel Studios published 36 movies and 21 TV series. Among them is the “sound of freedom”, which stated $ 250 million at the World Cashier; The religious thriller, who plays Jim Caviezel (“passion of Christ”) is based on the true story of the team of Ballard, the former government agent that goes on the mission to save children from sexual retailers in Colombia. Another noticeable Success in Bok-Office was his animated film “King of Kings” The biblical EPIC has published this spring.

The company claims that she had the highest cursed average of the Association under any independent study of 2023-25 ​​(including A24, universal focus functions and Disney image in the search image). The company also produced about 750 original comedy services as part of its dry bar comedy.

The upcoming theatrical release of angels include the “older” who plays Michael Chiklis (19. September) and the December edition of “Zero AD” in which he directed by Alejando Monteverde (which also ordered the “sound of freedom”).

From 30. June Angel had $ 28 million in cash and equivalents to their balance sheet. Liabilities are covered by $ 40.1 million deferred income and $ 29.6 million in the current part of the debt.

5. September 2025. year, Angel Studios was selling a unit of 1,250,000 shares of common action in the amount of $ 44.00 per share, for gross revenue of about $ 55 million. And Angel Studios is 8. September closed a $ 100 million loan plant with the capital Trinity, an alternative asset manager, that an angel will use to further expand the CEH Angela.

Harmon and other Angelical Studies Ekecs should ring the bell of Nisel closing on Thursday (11. September), at 4 pm at 4 pm and close their first trading day.

Angel Studios, based in Prou, Utah, was originally established as Vidangel in 2014. years. Vidangel, who managed the “family” service of the insulting content from films, sued by the copyright violation for copyright violations for copyright misdemeanor for copyright violation for copyright violation. The jury ordered Vidangel to pay $ 62.4 million with Disney, Fox and Warner Bros. The company has already submitted for Chapter 11 Bankruptcy of Protection; 2020. years, The bankruptcy court approved a settlement of $ 9.9 million with the studies And reboot again as Angel Studios.

Pictured above: Jim Caviezel in “Sound of Freedom”