Southport Acquisition Corporation in its $1.6 billion business combination with Angel Studios

On September 11, 2024, Southport Acquisition Corporation, a publicly traded special purpose acquisition company, announced its entry into a business combination agreement with Angel Studios, Inc., a film, television and multimedia distribution company. The transaction values the combined company at $1.6 billion pro forma enterprise value.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Southport.