Angel Studios, Inc. Securities Lawsuit Investigation

Shamis & Gentile P.A., a law firm that advocates for investors who are victims of securities fraud, is investigating potential claims against Angel Studios, Inc. (ANGX)

If you purchased or acquired Angel Studios, Inc. securities and suffered losses, you may be eligible to join this securities investigation and seek compensation.

About Angel Studios

Angel Studios is a media and entertainment company focused on film distribution and membership-based revenue models. The company’s operations include producing and distributing films, as well as offering memberships to its audience.

Angel Studios became publicly traded through a SPAC merger, with its shares debuting on the NYSE in September 2025.

Potential Concerns Under Investigation

Lawyers are investigating several potential issues related to Angel Studios that may have impacted investors. One major area of focus involves the company’s public statements and disclosures around the time of its public debut.

On Sept. 10, 2025, as Angel Studios completed its de-SPAC merger, company press releases and roadshow materials allegedly highlighted the merger and future growth prospects. However, legal professionals may examine whether these communications omitted key information.

At that time, the company had reportedly incurred a $53.3 million net loss in the first six months of 2025 and carried a $137.2 million accumulated deficit, figures that allegedly were not included in promotional statements.

If management made positive statements about revenue growth or profitability without cautioning about these losses, lawyers might examine whether those statements were misleading.

Another key event under investigation is the S-1 prospectus filed on Sept. 15, 2025, which registered 10,042,523 shares of common stock for resale by existing shareholders. This filing made clear that existing shareholders could sell shares without Angel Studios raising new proceeds, which may have surprised investors.

On Sep 23, 2025, Angel Studios fell about 13.6 percent. Investors were already digesting a mid September resale registration that raised dilution concerns, and some coverage questioned the company’s disclosure cadence.

Finally, the investigation may quantify investor losses by analyzing the share price move from about $13 dollars per share at the close on September 16, 2025 to between $5 dollars at the close on September 23, 2025 and $4.36 dollars at the close on September 24, 2025. 

With an estimated 100 million shares outstanding, the total market capitalization loss could reach hundreds of millions of dollars.

Your Rights and Next Steps

Investors who purchased or held Angel Studios securities and suffered losses during the relevant period may have important legal rights.

This is currently an investigation, not a filed lawsuit. However, if the investigation reveals evidence of securities law violations, it could lead to a class action lawsuit on behalf of affected investors.

Lawyers are ready to help investors understand their options, review their transactions, and evaluate potential claims. Investors may be able to recover losses if it is determined that Angel Studios made misleading statements, omitted material information, or failed to adequately disclose key financial details.

It is important for investors to act promptly, as securities investigations and potential lawsuits are often time-sensitive.

If you believe you were harmed by the events described above, you may be eligible to participate in any future class action and seek compensation for your losses. Gathering documentation of your Angel Studios purchases, sales, and account statements can help support your claim.

You May Be Entitled to Compensation

Time is critical in securities investigations. If you purchased or acquired Angel Studios securities and suffered financial losses, you may be eligible to join any potential class action and seek compensation for your damages.

To protect your rights and take the next step, complete the form below to join the investigation.