# EDGAR Filing Document

**Accession Number:** 0001671941
**File Stem:** 0001104659-23-023672
**Filing Date:** 2023-2
**Character Count:** 3673
**Document Hash:** 7d5e57386f9379512ba0ef94532753e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-023672.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001104659-23-023672

**CONFORMED SUBMISSION TYPE**: 1-U

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230214

**ITEM INFORMATION**: Certain Unregistered Sales of Equity Securities

**FILED AS OF DATE**: 20230221

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Angel Studios, Inc.
- **CENTRAL INDEX KEY:** 0001671941
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-VIDEO TAPE RENTAL [7841]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-U
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 24R-00040
- **FILM NUMBER:** 23646819

**BUSINESS ADDRESS:**
- **STREET 1:** 249 N. UNIVERSITY AVENUE
- **CITY:** PROVO
- **STATE:** UT
- **ZIP:** 84601
- **BUSINESS PHONE:** 801-228-8444

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VidAngel, Inc.
- **DATE OF NAME CHANGE:** 20160412

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 1-U**

**CURRENT REPORT Pursuant to REGULATION A**

**Date of Report (Date of earliest event reported): February 14, 2023**

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| | |
|:---|:---|
| **Angel Studios, Inc.** | **Angel Studios, Inc.** |
| &nbsp;&nbsp;(Exact name of issuer as specified in its charter) | &nbsp;&nbsp;(Exact name of issuer as specified in its charter) |
| &nbsp;&nbsp;**Delaware** | &nbsp;&nbsp;**46-5217451** |
| &nbsp;&nbsp;(State or other jurisdiction of incorporation or organization) | &nbsp;&nbsp; (I.R.S. Employer<br> Identification No.) |
| &nbsp;&nbsp; **295 W Center St.**<br> **Provo, Utah 84601** | &nbsp;&nbsp; **295 W Center St.**<br> **Provo, Utah 84601** |
| &nbsp;&nbsp;(Full mailing address of principal executive offices) | &nbsp;&nbsp;(Full mailing address of principal executive offices) |
| &nbsp;&nbsp;**(760) 933-8437** | &nbsp;&nbsp;**(760) 933-8437** |
| &nbsp;&nbsp;(Issuer's telephone number, including area code) | &nbsp;&nbsp;(Issuer's telephone number, including area code) |
| &nbsp;&nbsp;Title of each class of securities issued pursuant to Regulation A: | &nbsp;&nbsp;Title of each class of securities issued pursuant to Regulation A: |
| &nbsp;&nbsp;Class B Common Stock | &nbsp;&nbsp;Class B Common Stock |

---

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| | |
|:---|:---|
| **ITEM 8.** | **CERTAIN UNREGISTERED SALES OF EQUITY SECURITIES** |

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On February 14, 2023, Angel Studios, Inc. ("Angel") entered into a Common Stock Purchase Agreement (the "Purchase Agreement") with a third party investor for such investor to acquire 390,924 shares of Angel's Class C common stock (the "Shares") for aggregate consideration of $5,543,302.32 ($14.18 per Class C share). The transaction closed concurrently with the execution of the Purchase Agreement.

Angel has relied upon Rule 506(b) of Regulation D promulgated under the Securities Act to exempt the offer and sale of the Shares to the investor from the registration requirements of the Securities Act. Angel did not engage in general solicitation in offering the Shares to the investor and the investor is an "accredited investor" as such term is defined under Rule 501 of Regulation D.

**SIGNATURE**

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | |
|:---|:---|
| **Angel Studios, Inc.** | **Angel Studios, Inc.** |
| By: | /s/ Patrick Reilly |
|  | Patrick Reilly |
|  | Chief Financial Officer |

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Date: February 21, 2023