Angel Studios, Inc. Securities Fraud Investigation
April 13, 2026
Shamis & Gentile, P.A. is investigating claims on behalf of investors of Angel Studios, Inc. (ANGX). Impacted investors are advised to contact the firm now.
Scope of the Investigation
The investigation focuses on potential misrepresentations and omissions made by Angel Studios regarding its financial condition and business prospects as it executed its recent de-SPAC merger and public listing.
What's Being Investigated
Angel Studios allegedly touted its growth trajectory and future outlook while may have failed to timely disclose material information about its governance, accumulated deficits, and insider selling.
Key Filings and Market Impact
On September 10, 2025, Angel Studios completed its de-SPAC merger. Around that time, the company reported that by, by mid-2025 Angel Studios had incurred a $53.3M net loss in 6 months and carried a $137.2M accumulated deficit.
On September 15, 2025, Angel Studios disclosed it had changed auditors and also filed a registration statement on Form S-1 with the SEC, registering 10,042,523 shares of common stock for resale by existing shareholders.
On this news, Angel Studios' stock price fell approximately $5 per share, to close at $8.81 on September 17, 2025, and then declined a further 43% by September 23, 2025, erasing hundreds of millions in market capitalization.
Protect Your Rights As an Investor
If you purchased or otherwise acquired Angel Studios stock on or after its September 11, 2025 public listing, you may be eligible to seek compensation for losses.
Shamis & Gentile, P.A. stands out as an advocate for investors who are victims of securities fraud. The firm is committed to securing recoveries for investors who have incurred damages due to false and misleading statements or other corporate misconduct by public companies. Shamis & Gentile has recovered over $1 billion for consumers nationwide. Its extensive experience, expertise and resources enable the firm to resolve disputes in a wide range of matters, including class actions, mass torts and mass arbitrations.
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