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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 14, 2025

 

Angel Studios, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware   001-41150   86-3483780
(State or other jurisdiction of
incorporation or organization)
  (Commission File Number)     (I.R.S. Employer
Identification No.)
         
295 W Center St.
Provo, UT 84601
(Address of principal executive offices)
 
(760) 933-8437
(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))

  

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading
symbol(s)

Name of each exchange on which
registered

Class A Common Stock, par value $0.0001 per share ANGX The New York Stock Exchange

  

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

   

 

 

Item 7.01 Regulation FD Disclosure
   

 

On November 14, 2025, the Company issued a press release announcing the acquisition of three series: Tuttle Twins, Homestead, and The Wingfeather Saga. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information provided under this Item 7.01 and in the accompanying Exhibit 99.1 is being furnished and shall not be deemed filed for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits.

 

Exhibit
No.

 

Description

     
99.1   Press release dated November 14, 2025
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ANGEL STUDIOS, INC.
     
Date: November 14, 2025 By: /s/ Scott Klossner
    Scott Klossner
    Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

Angel Expands Franchise Ownership with Three Strategic Acquisitions

 

~ Angel Acquires Tuttle Twins, Homestead, and The Wingfeather Saga Intellectual Property, Strengthening Platform Engagement and Long-Term Franchise Ownership Strategy ~

 

Provo, UT — November 14, 2025 — Angel (NYSE: ANGX) (the “Company”), a media and technology company guided by 1.6 million grassroots Angel Guild members championing values-driven stories, today announced the acquisition of three of the company’s highest-performing series on the Angel platform: Tuttle Twins, Homestead, and The Wingfeather Saga. Together, these series span the family, thriller, and fantasy genres, reflecting Angel’s strategic commitment to own and expand its most impactful franchises. The three series have driven more than four million hours of viewing and approximately 350 thousand new Angel Guild member acquisitions since December 2024, underscoring the strength of the Guild-driven platform.

 

“These acquisitions represent strategic investments in Angel’s long-term growth,” said Neal Harmon, Co-Founder and CEO of Angel. “Each franchise embodies the values that unite our community and has demonstrated its power to inspire audiences. By bringing them fully into Angel, we’re strengthening our competitive position and advancing our mission to deliver values-driven storytelling at scale.”

 

Tuttle Twins

 

A family-focused animated series that explores complex ideas – such as freedom and responsibility – through adventure, humor, and heart, Tuttle Twins is the most-watched television series on the Angel platform. Now in its fourth season, it has become a cornerstone of Angel’s family programming.

 

Performance Highlights (Dec 2024–Sept 2025)

 

·124 million minutes watched;

 

·18.2-minute average viewing session;

 

·6.17% of total platform watch time;

 

Homestead

 

Homestead is a premium, post-apocalyptic thriller that has become one of Angel’s most powerful franchises. The film, starring Neal McDonough, and Season One of the television series, draw audiences into a fractured America struggling to survive after a nuclear blast, delivering suspense within a deeply human story of faith, family, and resilience.

 

 

 

 

Performance Highlights (Dec 2024–Sept 2025)

 

81 million minutes watched;

 

Nearly 1 in 8 minutes watched on the platform is tied to Homestead;

 

253 thousand new Guild members acquired tied to Homestead;

 

The Wingfeather Saga

 

Based on Andrew Peterson’s bestselling books with more than 1.8 million copies sold, The Wingfeather Saga is a hand-painted, 3D animated fantasy series that brings adventure, virtue, and moral imagination to life. It remains one of the most successful crowdfunded family animated series ever produced.

 

Performance Highlights (Dec 2024–Sept 2025)

 

·40.3 million total minutes watched;

 

·20.6-minute average viewing session;

 

·4.8% of total platform watch time;

 

The transactions were funded through a combination of cash and stock, for a total aggregate purchase consideration of approximately $116.5 million, consistent with Angel’s disciplined approach to balancing creative expansion with shareholder value creation.

 

These three acquisitions strengthen Angel’s control of its most successful original IP and reinforce its vertically integrated, community-driven model. By aligning ownership with audience validation, Angel is expanding the creative and economic engine that powers the Angel Guild.

 

About Angel

 

Angel (NYSE: ANGX) is a media and technology company guided by 1.6 million grassroots Angel Guild paying members championing values-driven stories. Clearly expressing the kind of programming they crave, members of the Angel Guild act as virtual co-producers, greenlighting what films and television series get produced and distributed in theaters and on the Angel app. Propelled by this audience-first momentum, Angel has released more than 40 films and 20 television series that amplify light, including Sound of Freedom, which earned more than $250 million at the worldwide box office. The company also has more than 6 billion views of its Dry Bar Comedy franchise, which has attracted some of the world's best-known comedians. For more information, visit www.angel.com.

 

Contacts

 

David Shane

Corporate Communications, Angel

[email protected]

 

Shannon Devine

Investor Relations, MZ Group North America

[email protected]