Every material Form 8-K Angel Studios, Inc. has filed with the SEC since June 29, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On September 17, 2026, Angel Studios entered into a Second Amended and Restated merger agreement for its acquisition of Toothy Cow Productions, which revises how Class A Common Stock is allocated among TCP's unitholders. The filing says the net effect is to shift part of the consideration from TCP Common Units to TCP Preferred Units, and that Company related parties, who own 2.3% of TCP units, will also receive shares.
Agreement dated September 17, 2026, amends and restates the June 29, 2026 A&R TCP Merger Agreement in its entirety.
Preferred Reallocation Shares set at 439,127 shares of Buyer Common Stock; Incentive Shares reduced from 516,620 to 77,493 shares.
Company committed up to $11.9 million to fund TCP operations through seasons three and four; $12.6 million provided to date.
If the acquisition is not completed, operational funding converts into TCP Class B Preferred Units at $1.50 per unit plus warrants.
Angel Studios reported second-quarter 2026 results for the period ended June 30, 2026. Total revenue rose 27.5% year over year to $111.7 million, led by Guild revenue of $90.7 million, up 93.8%, while the net loss widened to $23.8 million from $15.7 million a year earlier. The company reiterated its full-year 2026 guidance of an Adjusted EBITDA loss of no more than $25 million, but gross margin fell to about 54% from about 69%.
Total revenue was $111.7 million, up 27.5% from $87.6 million in Q2 2025; Guild revenue was $90.7 million, up 93.8%.
Net loss was $23.8 million, or $0.129 per share, compared with $15.7 million, or $0.106 per share, in Q2 2025.
Operating loss narrowed to $18.5 million from $21.3 million; gross margin was about 54% versus about 69% a year earlier.
Full-year 2026 guidance of an Adjusted EBITDA loss of no more than $25 million was reiterated; a webinar is set for August 5, 2026 at 11:00 a.m. Eastern Time.
Angel Studios amended and restated its merger agreements to acquire Tuttle Twins Show, LLC (TTS) and Toothy Cow Productions, LLC (TCP), both signed November 14, 2025. The changes extend the outside date to October 31, 2026, and alter several closing conditions and the TCP merger structure. Company insiders and affiliates hold units in both companies and would receive Class A shares in the deals, and the company has already provided funding to both.
Outside date for both the TTS and TCP mergers extended to October 31, 2026
Closing condition requiring a showrunner agreement for Daniel Harmon removed from the TTS deal
Company related parties own 41.6% of TTS units and 2.4% of TCP units as of June 23, 2026
Company has provided $11.7 million to TTS and $11.9 million to TCP to date, with a maximum TCP funding commitment of $11.9 million
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Angel Studios, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →