Angel Studios , the emerging film distributor whose crowd-driven model drove the success of left-field hit Sound of Freedom in 2023, is officially going public.

The company said it has closed its SPAC merger with Southport Acquisition Corp., and its shares will start public trading Thursday on the New York Stock Exchange. SPACs are financial entities set up with the express purpose of executing acquisitions. Based on a number of market and economic conditions, SPACs wax and wane in popularity and involve a degree of risk, but they have been used effectively by companies like Draft Kings and Trump Media & Technology.

Angel Studios mitigates risk in the inherently volatile movie business by relying on the 1.5 million members of the Angel Guild. Select members offer financial and marke

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