Home / Auditor changes / Angel Studios, Inc.
Filed 2025-09-15 路 Form 8-K 路 Accession 0001104659-25-089732 mid
Price before filing: $13.26 (2025-09-12 close, split/dividend-adjusted)
Market cap at flag: $2.51B (2025-09-15) 路 Latest: $620.9M (2026-10-16)
| Window | ANGX | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -47.4% | +1.5% | -48.9% | 2025-10-15 |
| 90 days | -61.8% | +3.8% | -65.6% | 2025-12-15 |
| 180 days | -71.0% | +2.4% | -73.3% | 2026-03-16 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider bought $193 (1 purchase)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-09-11 | Taylor Seth Chief Experience Officer | Purchase | 11 | $17.54 | $193 | no | Form 4 |
| 2025-09-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-06-17 to 2025-10-15. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"On the Closing Date, and prior to the effective time of the Merger, the Company changed its name from "Southport Acquisition Corporation" to "Angel Studios, Inc." On September 15, 2025, the audit committee of the Board approved the appointment of Tanner LLC, (" Tanner ") as the Company's independent registered public accounting firm to audit the Company's consolidated financial statements effective for the year..."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: changed
Disagreements reported: no
New auditor: Tanner LLC
Why this score: also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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