<SEC-DOCUMENT>0001140361-25-035604.txt : 20250919
<SEC-HEADER>0001140361-25-035604.hdr.sgml : 20250919
<ACCEPTANCE-DATETIME>20250919192326
ACCESSION NUMBER:		0001140361-25-035604
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250910
FILED AS OF DATE:		20250919
DATE AS OF CHANGE:		20250919

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Nosek Luke
		CENTRAL INDEX KEY:			0001835310
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41150
		FILM NUMBER:		251328153

	MAIL ADDRESS:	
		STREET 1:		555 E 5TH STREET
		STREET 2:		SUITE 3127
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Oskoui Stephen D.
		CENTRAL INDEX KEY:			0002020826
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41150
		FILM NUMBER:		251328152

	MAIL ADDRESS:	
		STREET 1:		295 W CENTER ST.
		CITY:			PROVO
		STATE:			UT
		ZIP:			84601

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Gigafund 1 GP, LP
		CENTRAL INDEX KEY:			0002085924
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41150
		FILM NUMBER:		251328154

	BUSINESS ADDRESS:	
		STREET 1:		555 E. 5TH STREET #3127
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701
		BUSINESS PHONE:		833-444-2386

	MAIL ADDRESS:	
		STREET 1:		555 E. 5TH STREET #3127
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Gigafund 1, LP
		CENTRAL INDEX KEY:			0002085918
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41150
		FILM NUMBER:		251328155

	BUSINESS ADDRESS:	
		STREET 1:		555 E. 5TH STREET #3127
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701
		BUSINESS PHONE:		833-444-2386

	MAIL ADDRESS:	
		STREET 1:		555 E. 5TH STREET #3127
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Angel Studios, Inc.
		CENTRAL INDEX KEY:			0001865200
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				863483780
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		295 W CENTER STREET
		CITY:			PROVO
		STATE:			UT
		ZIP:			84601
		BUSINESS PHONE:		760-933-8437

	MAIL ADDRESS:	
		STREET 1:		295 W CENTER STREET
		CITY:			PROVO
		STATE:			UT
		ZIP:			84601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Southport Acquisition Corp
		DATE OF NAME CHANGE:	20210601
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2025-09-10</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001865200</issuerCik>
        <issuerName>Angel Studios, Inc.</issuerName>
        <issuerTradingSymbol>ANGX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002085918</rptOwnerCik>
            <rptOwnerName>Gigafund 1, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>555 E. 5TH STREET #3127</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002085924</rptOwnerCik>
            <rptOwnerName>Gigafund 1 GP, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>555 E. 5TH STREET #3127</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001835310</rptOwnerCik>
            <rptOwnerName>Nosek Luke</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>555 E. 5TH STREET #3127</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002020826</rptOwnerCik>
            <rptOwnerName>Oskoui Stephen D.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>555 E. 5TH STREET #3127</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>19459882</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>53504</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Options to Purchase Class B Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>2.24</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2025-09-10</value>
            </exerciseDate>
            <expirationDate>
                <value>2032-12-02</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>137651</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These shares of Class A Common Stock are directly held by Gigafund 1, LP (&quot;LP&quot;). Gigafund 1 GP, LP (&quot;GP&quot;) is the general partner of LP, and Stephen D. Oskoui and Luke Nosek control all voting and investments decisions with respect to securities held by LP and GP. Each of the Reporting Persons disclaim beneficial ownership of such securities, except to the extent of their respective pecuniary interest therein.</footnote>
        <footnote id="F2">These shares of Class A Common Stock, which are directly held by Stephen D. Oskoui, were acquired upon conversion of shares of Class B Common Stock, as reported on a Form 4 filed on September 16, 2025. Each of LP, GP, and Luke Nosek disclaim beneficial ownership of such securities.</footnote>
        <footnote id="F3">These options are directly held by Stephen D. Oskoui and each of LP, GP, and Luke Nosek disclaim beneficial ownership of such options.</footnote>
        <footnote id="F4">This report shall not be deemed an admission that the Reporting Persons are the beneficial owners of such securities for purposes of Section 16 or for any other purpose.</footnote>
    </footnotes>

    <remarks>Exhibit 24.1 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>Gigafund 1, LP, By: Gigafund 1 GP, LP, its General Partner, By: /s/ Lemuel Anaejionu, Name: Lemuel Anaejionu, Title: Authorized Signatory</signatureName>
        <signatureDate>2025-09-19</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Gigafund 1 GP, LP, By: /s/ Lemuel Anaejionu, Name: Lemuel Anaejionu, Title: Authorized Signatory</signatureName>
        <signatureDate>2025-09-19</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Lemuel Anaejionu, as attorney-in-fact for Luke Nosek</signatureName>
        <signatureDate>2025-09-19</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Lemuel Anaejionu, as attorney-in-fact for Stephen D. Oskoui</signatureName>
        <signatureDate>2025-09-19</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>2
<FILENAME>ef20055869_ex24-1.htm
<DESCRIPTION>EXHIBIT 24.1
<TEXT>
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  <div style="font-weight: bold; text-align: right;">Exhibit 24.1<br>
  </div>
  <div> <br>
  </div>
  <div>
    <div style="text-align: center; font-weight: bold;">POWER OF ATTORNEY</div>
    <div style="text-align: center; font-weight: bold;">FOR SECTION 13 &amp; 16 REPORTING OBLIGATIONS</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 42pt;">KNOW ALL BY THESE PRESENTS, that the undersigned hereby makes, constitutes and appoints Lemuel Anaejionu of Gigafund Management Company, LLC and Ann Becchina<font style="color: #4D4D4F;"> of </font>Kirkland

      &amp; Ellis LLP, each signing singly, as the undersigned's true and lawful attorney-in-fact and agent, with full power and authority, including substitution and revocation, as hereinafter described on behalf of and in the name, place and stead of the
      undersigned to:</div>
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          <td style="width: 17pt; vertical-align: top;"><a name="bookmark0"></a><font style="color: #4D4D4F;">(1)</font></td>
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            <div>prepare, execute, acknowledge, deliver and file any Schedule 13D or Schedule 13G, and any amendments, supplements or exhibits thereto (including any joint filing agreements) required to be filed by the undersigned under Section 13 of the
              Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder (the &#8220;Exchange Act&#8221;), and any Forms 3, 4, and 5 (including any amendments thereto) with respect to the securities of Angel Studios, Inc., a Delaware company, or
              any successor thereto (the &#8220;Company&#8221;), with the U.S. Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Section 16(a) of the Exchange Act and the rules and
              regulations promulgated thereunder, as amended from time to time under the Exchange Act as well as notices on Form 144 and amendments thereto, filed pursuant to Rule 144 promulgated under the Securities Act of 1933, as amended (the
              "Securities Act");</div>
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          <td style="width: 27pt;">&#160;</td>
          <td style="width: 17pt; vertical-align: top;"><a name="bookmark1"></a><font style="color: #4D4D4F;">(2)</font></td>
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            <div>seek or obtain, as the undersigned&#8217;s representative and on the undersigned&#8217;s behalf, information of transactions in the Company&#8217;s securities from any third-party, including brokers, employee benefit plan administrators and trustees, and
              the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and</div>
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          <td style="width: 27pt;">&#160;</td>
          <td style="width: 17pt; vertical-align: top;"><a name="bookmark2"></a><font style="color: #4D4D4F;">(3)</font></td>
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            <div>perform any and all other acts which in the discretion of such attorney-in-fact is necessary or desirable for and on behalf of the undersigned in connection with the foregoing.</div>
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    <div style="text-align: justify;">The undersigned acknowledges that:</div>
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          <td style="width: 27pt;">&#160;</td>
          <td style="width: 17pt; vertical-align: top;"><a name="bookmark3"></a><font style="color: #4D4D4F;">(1)</font></td>
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            <div>this Power of Attorney authorizes, but does not require, such attorney-in-fact to act in his or her discretion on information provided to such attorney-in-fact without independent verification of such information;</div>
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          <td style="width: 17pt; vertical-align: top;"><a name="bookmark4"></a><font style="color: #4D4D4F;">(2)</font></td>
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            <div>any documents prepared, executed, acknowledged and/or delivered by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney will be in such form and will contain such information and disclosure as such
              attorney-in-fact, in his or her discretion, deems necessary or desirable;</div>
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          <td style="width: 17pt; vertical-align: top;"><a name="bookmark5"></a><font style="color: #4D4D4F;">(3)</font></td>
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            <div>neither the Company nor such attorney-in-fact assumes (i) any liability for the undersigned&#8217;s responsibility to comply with the requirements of the Exchange Act, or the Securities Act, as applicable (ii) any liability of the undersigned
              for any failure to comply with such requirements, (iii) any obligation or liability of the undersigned for profit disgorgement under Section 16(b) of the Exchange Act, or (iv) any liability for failure to quality for the safe harbor Rule 144;
              and</div>
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          <td style="width: 17pt; vertical-align: top;"><a name="bookmark6"></a><font style="color: #4D4D4F;">(4)</font></td>
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            <div>this Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned&#8217;s obligations under the Exchange Act, or Securities Act, as applicable, including without limitation the reporting requirements
              under Section 13 and/or Section 16 of the Exchange Act.</div>
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    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 42pt;">The undersigned hereby gives and grants the foregoing attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done
      in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that such attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done
      by virtue of this Power of Attorney.</div>
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    <div style="text-align: justify; text-indent: 42pt;">This Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to such attorney-in-fact.</div>
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    <div style="text-indent: 36pt;">IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of the 19<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th </sup>day of September, 2025.</div>
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          <td style="vertical-align: top; width: 50%; padding: 0px 0px 2px;">&#160;</td>
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            <div>By:</div>
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            <div>/s/ Luke Nosek</div>
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          <td style="vertical-align: top; width: 50%;">&#160;</td>
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            <div>Name:</div>
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            <div>Luke Nosek</div>
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          <td rowspan="1" style="vertical-align: top; width: 50%;">&#160;</td>
          <td rowspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td rowspan="1" style="vertical-align: top; width: 45%;">&#160;</td>
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        <tr>
          <td style="vertical-align: top; width: 50%; padding: 0px 0px 2px;">&#160;</td>
          <td style="vertical-align: top; width: 5%; padding: 0px 0px 2px;">
            <div>By:</div>
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          <td style="border-bottom: 2px solid; vertical-align: top; width: 45%;">
            <div>/s/ Stephen D. Oskoui</div>
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          <td style="vertical-align: top; width: 50%;">&#160;</td>
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            <div>Name:</div>
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            <div>Stephen D. Oskoui</div>
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