Angel Studios Shares Fall 23% on Offering

Angel Studios' NYSE-listed shares plunged 23% after pricing a $30 million public offering at a 27% discount to the prior close.
The company issued 14.3 million Class A shares at $2.10 each, with an underwriter option for an additional 2.1 million shares.
Roth Capital Partners acted as sole book‑running manager, while Maxim Group, Texas Capital Securities co‑lead, and Lake Street advised.
The offering is expected to close on April 13, 2026, generating gross proceeds of about $30 million before fees.