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Southport Acquisition Corp. Class A ( (PORT) ) has shared an update.
On August 25, 2025, Southport Acquisition Corporation held a special meeting where stockholders approved several proposals related to a merger with Angel Studios, Inc. This merger will result in Angel Studios becoming a wholly owned subsidiary of Southport, which will be renamed Angel Studios, Inc. The approved proposals included changes to the company’s charter, governance structure, and the election of directors. Additionally, a special meeting of public warrantholders approved an amendment to the warrant agreement, facilitating the merger process. The successful approval of these proposals indicates strong support for the merger, which is expected to impact the company’s future operations and market positioning.
More about Southport Acquisition Corp. Class A
Average Trading Volume: 2,053
Technical Sentiment Signal: Buy
Current Market Cap: $231.5M
For an in-depth examination of PORT stock, go to TipRanks’ Overview page.