Angel Studios (ANGX) Proxy Filing summary

Executive summary

• Special Meeting of Warrantholders scheduled for August 25, 2025, to vote on proposals related to the business combination with Angel Studios.

• If the warrant amendment proposal is approved and the business combination closes, each public warrant will convert into 0.1 share of Class A common stock, with fractional shares rounded down.

• Warrantholders are urged to vote promptly; unexercised warrants will expire worthless if the business combination is not completed by September 30, 2025, or during any extension period.

• Definitive joint proxy statement/prospectus and related materials were mailed to stockholders and warrantholders as of June 27, 2025.

Voting matters and shareholder proposals

• Proposals include the warrant amendment and approval of the business combination with Angel Studios.

• Approval of the warrant amendment is necessary to facilitate the closing of the proposed transaction.

• Voting instructions provided for telephone, online, or mail submission.

Board of directors and corporate governance

• Information about directors and executive officers, including their interests and security holdings, is detailed in annual reports and the joint proxy statement/prospectus.

• Changes in holdings by directors and officers are disclosed in Form 4 filings.