# EDGAR Filing Document

**Accession Number:** 0001865200
**File Stem:** 0001140361-25-035282
**Filing Date:** 2025-9
**Character Count:** 16811
**Document Hash:** 0d9eb887f077bd5206843a5e81c59308
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-035282.hdr.sgml**: 20250917

**ACCESSION NUMBER**: 0001140361-25-035282

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250917

**DATE AS OF CHANGE**: 20250917

**SUBJECT COMPANY**: 

**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

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93229
- **FILM NUMBER:** 251321145

**BUSINESS ADDRESS:**
- **STREET 1:** 8 BOLLING PLACE
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** 917-503-9722

**MAIL ADDRESS:**
- **STREET 1:** 8 BOLLING PLACE
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Southport Acquisition Corp
- **DATE OF NAME CHANGE:** 20210601
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gigafund 1, LP
- **CENTRAL INDEX KEY:** 0002085918

**ORGANIZATION NAME:**
- **EIN:** 384236979
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**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

## Exhibit 99.1

------

#### EXHIBIT 99.1

#### JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each of the Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A common stock, par value $0.0001 per share, of Angel Studios, Inc., and that this agreement may be included as an exhibit to such joint filing.

---

| | | |
|:---|:---|:---|
| Dated: September 17, 2025 |  |  |
|  | **Gigafund 1, LP** | **Gigafund 1, LP** |
|  | By: Gigafund 1 GP, LP, its general partner | By: Gigafund 1 GP, LP, its general partner |
|  | /s/ Lemuel Anaejionu | /s/ Lemuel Anaejionu |
|  | Name: | Lemuel Anaejionu |
|  | Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **Gigafund 1 GP, LP** | **Gigafund 1 GP, LP** |
| /s/ Lemuel Anaejionu | /s/ Lemuel Anaejionu |
| Name: | Lemuel Anaejionu |
| Title: | Authorized Signatory |
| **Luke Nosek** | **Luke Nosek** |
| /s/ Luke Nosek | /s/ Luke Nosek |
| Name: | Luke Nosek |
| **Stephen D. Oskoui** | **Stephen D. Oskoui** |
| /s/ Stephen D. Oskoui | /s/ Stephen D. Oskoui |
| Name: | Stephen D. Oskoui |

---

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Angel Studios, Inc.

**Title of Class of Securities:** Class A common stock, par value $0.0001 per share

**CUSIP Number:** 034948109

**Date of Event Which Requires Filing of this Statement:** 09/10/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Gigafund 1, LP | Names of Reporting Persons<br>Gigafund 1, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>19459882 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>19459882 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19459882 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19459882 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>19.48% | Percent of Class Represented by Amount in Row (9)<br>19.48% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The percentage of class is calculated based upon 99,910,315 shares of Class A common stock ("Class A Shares") outstanding as of September 11, 2025, as reported on the Issuer's Current Report on Form 8-K ("Form 8-K") filed with the Securities & Exchange Commission ("SEC") on September 16, 2025.

---

| 1. | Names of Reporting Persons<br>Gigafund 1 GP, LP | Names of Reporting Persons<br>Gigafund 1 GP, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>19459882 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>19459882 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19459882 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19459882 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>19.48% | Percent of Class Represented by Amount in Row (9)<br>19.48% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The percentage of class is calculated based upon 99,910,315 Class A Shares outstanding as of September 11, 2025, as reported on the Issuer's Form 8-K filed with the SEC on September 16, 2025.

---

| 1. | Names of Reporting Persons<br>Luke Nosek | Names of Reporting Persons<br>Luke Nosek |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>19459882 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>19459882 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19459882 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19459882 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>19.48% | Percent of Class Represented by Amount in Row (9)<br>19.48% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** The percentage of class is calculated based upon 99,910,315 Class A Shares outstanding as of September 11, 2025, as reported on the Issuer's Form 8-K filed with the SEC on September 16, 2025.

---

| 1. | Names of Reporting Persons<br>Stephen D. Oskoui | Names of Reporting Persons<br>Stephen D. Oskoui |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>191155 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>19459882 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>191155 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>19459882 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19651037 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19651037 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>19.64% | Percent of Class Represented by Amount in Row (9)<br>19.64% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** The reported securities represent 19,513,386 Class A Shares and 137,651 Class A Shares issuable upon conversion of shares of Class B common stock ("Class B Shares") that the Reporting Person has an option to acquire. The percentage of class is calculated based upon 99,910,315 Class A Shares outstanding as of September 11, 2025, as reported on the Issuer's Form 8-K filed with the SEC on September 16, 2025, as increased by the 137,651 Class A Shares issuable upon conversion of Class B Shares.

---

**Item 1(a). Name of Issuer:**
Angel Studios, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
295 W Center St., Provo, Utah, 84601

**Item 2(a). Name of Person Filing:**
This statement is filed by the entities and individuals listed below, all of whom together are referred to herein as the "Reporting Persons":

(i)	Gigafund 1, LP ("LP")
(ii)	Gigafund 1 GP, LP ("GP" and together with LP, the "Gigafund Holders")
(iii)	Luke Nosek ("Mr. Nosek")
(iv)	Stephen D. Oskoui ("Mr. Oskoui")

**Item 2(b). Address of Principal Business Office:**
The principal business address of each of the Reporting Persons is c/o Gigafund Management Company, LLC, 555 E. 5th Street #3127, Austin, TX 78701.

**Item 2(c). Citizenship:**
See responses to row 4 on each cover page.

**Item 2(d). Title of Class of Securities:**
Class A common stock, par value $0.0001 per share

**Item 2(e). CUSIP Number:**
034948109

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

See responses to row 9 on each cover page.
The Class A Shares are directly held (i) 19,459,882 Class A Shares by LP and (ii) 53,504 Class A Shares by Mr. Oskoui. In addition, Mr. Oskoui has an option to acquire 137,651 Class B Shares which are convertible one for one into Class A Shares.
The percentage of class calculations are based on 99,910,315 Class A Shares outstanding as of September 11, 2025, as reported on the Issuer's Form 8-K filed with the SEC on September 16, 2025, and, in the case of Mr. Oskoui, an additional 137,651 Class A Shares issuable upon exercise of his option and conversion of the acquired Class B Shares.
GP is the general partner of LP. Collectively, Mr. Nosek and Mr. Oskoui control all voting and investments decisions with respect to securities held by the Gigafund Holders. Accordingly, Mr. Nosek and Mr. Oskoui may each be deemed to beneficially own the Class A Shares directly held by LP, provided that, the filing of this statement shall not be deemed an admission of beneficial ownership for purposes of Section 13(d) or 13(g) or for any other purpose.

**(b) Percent of class:**

See responses to row 11 on each cover page.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

See responses to row 5 on each cover page.

**(ii) Shared power to vote or to direct the vote:**

See responses to row 6 on each cover page.

**(iii) Sole power to dispose or to direct the disposition of:**

See responses to row 7 on each cover page.

**(iv) Shared power to dispose or to direct the disposition of:**

See responses to row 8 on each cover page.

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Gigafund 1, LP**

**Date:** 09/17/2025

**By:** /s/ Lemuel Anaejionu

**Name & Title:** Lemuel Anaejionu / Authorized Signatory, By: Gigafund 1 GP, LP, its general partner

**Gigafund 1 GP, LP**

**Date:** 09/17/2025

**By:** /s/ Lemuel Anaejionu

**Name & Title:** Lemuel Anaejionu / Authorized Signatory

**Luke Nosek**

**Date:** 09/17/2025

**By:** /s/ Luke Nosek

**Name & Title:** Luke Nosek

**Stephen D. Oskoui**

**Date:** 09/17/2025

**By:** /s/ Stephen D. Oskoui

**Name & Title:** Stephen D. Oskoui