Now Funding | Offering: Reg A+
Angel Studios, Inc.
9 Days Left*
$220.00 Minimum Investment
The Start of a Movement
We're a film and television distribution company dedicated to creating a library of stories that amplify light. Angel Studios, Inc., a Delaware corporation, was founded in 2013 by four brothers, Neal, Daniel, Jeffrey, and Jordan Harmon, as well as their cousin Benton Crane. As fathers of young children, they were searching for high-quality films and TV shows that “amplify light” for the upcoming generation. We define “light” as anything that is true, honest, noble, just, authentic, lovely, admirable, and excellent.
The Industry Gatekeeper Model is Broken
Traditionally, a few studio executives (or “gatekeepers”) have decided what stories get made and distributed. With the Angel Guild, we’re flipping the script. We trust the movie- and series-viewing audience to choose what appeals as quality entertainment. Every day, Guild members watch, support, and vote on which films and TV shows we bring to audiences around the world.
By the numbers...
The Angel Guild hit a major milestone of one million paying members worldwide in March 2025, and it has already grown to 1.5+ million members—a powerful movement that continues to expand every day. With support behind landmark projects like The King of Kings, the #1 animated biblical film of all time, here’s what that growing community is achieving together:
Representing 170+ countries
65 million app downloads
Films distributed by Angel Studios Inc. have generated over $400M according to TheNumbers.com
5 million monthly active users
9 billion lifetime views
Guild Members
Changing the industry
In the first half of 2025, the Angel Guild alone has already hit over $81 million dollars in revenue.
Disclosure:
*Revenue generated in previous years is not indicative of future revenues. Angel's generation of revenue is not indicative of its ability to return a profit to investors.
Most importantly, our films and television shows are having a truly notable impact. For example, The King of Kings had the #1 opening of all time for an animated biblical film, inspiring families around the world to rediscover the power of faith.
How will your investment be used?
Market and expand the Angel Guild
Launch more films and shows
Expand theatrical distribution
Help us begin publicly trading
You can become an investor for $44.00 a share. That’s over 14 times more than we sold our shares for back in 2016.
If you missed out on this historic growth, don't fret—you can invest in our current offering.**
Disclosure:
**An investment in the Shares of our Class C Common Stock (“Class C Shares”) that we are currently offering under Regulation A of the Securities Act of 1933, is subject to significant risks, including the risk of complete loss of principal. You should only invest as much as you are willing and can afford to lose, and only after you have read and understood our offering documents (including the risk factors in our Offering Circular) linked below.
In reviewing our statements, particularly those relating to our share prices, you should bear in mind that:
The increase in the value of our shares is based on a comparison of our Class C Shares to the Class B shares that we sold in 2016.
Existing investors in our Class C Shares and Class B shares have not realized any increased value of those shares. References to growth relate only to unrealized gains.
The offering price of our Class C Shares was determined by the Company.
There is no public market for our Class C Shares, and we do not expect any such market to develop. An investment in the Class C Shares will be highly illiquid. Therefore, it is unlikely that you will be able to realize an appreciation in the value of the Class C Shares, if any.
Securities issued by our Company may have different values, and we have sold securities at different terms and prices to those we are currently offering.
Past appreciation in the value of our shares does not guarantee that the value of such shares will increase in the future.
How big could Angel become?
No one knows, but let's take a look at some of the biggest players in this space:
Can Angel get that big? Possibly. We are definitely off to a good start.
When Netflix went public, they had 600,000 subscribers. Since Angel started marketing the Guild in October, 2023, Angel has reached 1.5+ million active paying members worldwide. That’s more than double at the same milestone—with more members joining every day.
With all the prequels, sequels, and reboots coming out, we think there is room for original entertainment that amplifies light.
Plans to Become Publicly Traded
A Proposed Business Combination
Angel has announced its intent to combine with a public company in September 2025, as described in our Offering Circular. If completed, this transaction would result in Angel becoming part of a publicly traded company, with shares expected to trade on a major U.S. stock exchange under the symbol ANGX.
This proposed combination is subject to various closing conditions, and there is no assurance that it will be completed within the timeframe described in our Offering Circular—or at all.
You should review our Offering Circular (including the Proposed Business Combination) for important information about the proposed business combination, its associated risks, and its impact on the rights of our shareholders. To read the full version of the official press release click here.
Our Releases
In March 2023, we released our first ever theatrical film, His Only Son, grossing over $13.5M in the box office.
Our following film, Sound of Freedom, grossed over $250M in the box office and became one of the top 10 grossing films domestically of that year.
We’ve since released Cabrini, Sound of Hope: The Story of Possum Trot, Homestead, The Last Rodeo, and The King of Kings—which is the #1 animated biblical release of all time.
Disclosure:
***Box office performance of films distributed by Angel Studios, Inc. is greater than the revenue generated by Angel Studios. Angel Studios receives only a portion of the box office receipts generated by a film it distributes. Revenue generated by movies previously distributed by Angel Studios does not guarantee the future performance of other movies Angel Studios distributes, and the revenue previously generated by Angel Studios is not indicative of the revenue it may generate in the future. Further, revenue generated by Angel Studios is not indicative of the profits it may generate or distribute to investors in the future. There are significant risks with investing and you should read all of the offering documents, including the risk factors, before investing.
Upcoming Releases
Angel Guild members have already greenlit an incredible slate of upcoming releases.
Investing in Angel means you are helping create and bring to the world entertainment that amplifies light.
In the Angel app, fans can watch amazing shows we’ve already released including Dry Bar Comedy, The King of Kings, Cabrini, Homestead, Tuttle Twins (seasons 1, 2, & 3), Testament: The Series, The Wayfinders, and more anytime.
Angel Illuminate 2025 – Full Replay
Watch the full replay of Angel Illuminate 2025 from this past May—a powerful livestream that shares the mission and vision of Angel and its Guild members.
Runtime: 1hr 11min
The Angel Guild is a community of paying members who help decide what content gets produced for Angel Studios, Inc.. This video is not an endorsement or solicitation of the Angel Studios, Inc. Regulation A offering. Angel Guild members may or may not be investors in the Angel Studios Regulation A offering.
Our Theatrical Pay it Forward Initiative Is Also Disrupting the Industry
Long before Angel introduced its groundbreaking theatrical Pay it Forward program—enabling people to buy movie tickets for those who otherwise wouldn’t go to the movies—CEO Neal Harmon and his eight siblings worked from sunup until sundown on local potato farms in Burley, Idaho.
Growing up, both Neal and his wife Trisha didn’t have the time nor the means to go to the movie theater very often. Even after they got married and started their own family, going to the movies felt like a luxury.
When Neal and his brothers launched Angel, one of their top priorities was ensuring that everyone, regardless of financial means, could attend the movies and have a transformative experience.
Since its March 2023 debut, Angel has been sending millions of people around the world to theaters by creating a platform for others to pay for their tickets.
Through Pay It Forward, millions of moviegoers have been gifted the chance to experience an Angel film in theaters—many for the very first time. Tickets were claimed by theater attendees across the globe, including in countries where the cost of a theater ticket for most people would be a huge barrier.
Pay it Forward is a patent pending product.
An investment in Angel Studios, Inc. involves significant risk. You should only invest if you can afford a complete loss of your investment. Additionally, an investment in Angel Studios, Inc. is subject to limitations based on your income and net worth. Please read our full offering circular before investing.
Meet Our Team
Neal Harmon
Chief Executive Officer and Board Member
Neal Harmon is CEO and co-founder of Angel Studios, the studio behind box office hits such as Sound of Freedom, The Shift, and His Only Son as well as record-breaking streaming successes such as Dry Bar Comedy, The Wingfeather Saga and Tuttle Twins. Founded in 2013 out of a passion to deliver better stories for his own children and reshape the future of entertainment for like-minded families around the world, Angel Studios has built a powerful platform for stories that amplify light.
Angel Studios is turning the traditional Hollywood gatekeeper model upside down by putting the power back into the hands of the audience. Over 1.5 million members of the Angel Guild from 170 countries now decide which stories Angel should get behind and release.
Neal learned his work ethic and values farming in Idaho as a young man. He holds degrees in American Studies and Instructional Psychology and Technology and acquired programming skills sufficient to launch multiple businesses. Neal launched multiple startup companies over his career, including co-founding Orabrush and Harmon Brothers ad agency, famous for using viral videos to boost sales for iconic brands including Squatty Potty, Poo-Pourri, and Purple Mattress.
In addition to many startups, Neal and his wife Trisha are also the co-founders of 10 children.
Media Gallery
SKETCH | Official Trailer
FAQ
Among other things, your investment will be used to help grow the Angel Guild, who will help choose the next Angel films. Your investment will also be used to support the next generation of talented filmmakers find a theatrical release for their light-amplifying projects and a whole new slate of Angel-backed television series.
When Angel Studios, Inc. makes a profit, it does not mean that you'll receive a dividend or a portion of the profits. Angel intends to reinvest profits into reaching a larger audience and into improving its technologies for the foreseeable future. Importantly, if Angel continues to grow, then your shares of Angel Studios, Inc. should continue to grow. We cannot guarantee growth of the Company or the value of your shares. Investment in early-stage companies like Angel Studios is risky, and you should consult with your independent financial advisor before making a decision on whether you want to invest. In any case, you should never invest more than you could afford to lose!
We will primarily continue to generate revenues from Guild memberships, revenues from theatrical releases, and licensing agreements with third party streaming services.
Yes! You may invest as many times as you would like until you reach your investment limit under Regulation A and until the offering is closed.
Transaction costs related to the sale and maintenance of the shares make accepting investments less than the minimum unsustainable for the company.
We are offering the shares under Regulation A of the Securities Act. This regulation limits the amount that investors can purchase based on your annual income and net worth. There is no limit, however, if you are an accredited investor.
Every country has its own securities laws. We are offering this Regulation A round under the laws of the US and so we know what we need to do to allow US citizens to invest and be compliant with those laws. We don't have the resources to identify and comply with the securities laws in other jurisdictions, so we limit investments to US citizens only.
Yes, Angel is a public reporting Company with the Securities Exchange Commission (SEC) and we file our quarterly financial statements each quarter. You can look these up at any time by either going to the SEC website at www.sec.gov or directly from our website at https://www.angel.com/legal/sec-filings.
Not really. Angel owns Dry Bar Comedy, but generally does not own the shows on its platform. Your investment will be in Angel Studios, Inc., which licenses and distributes (on the Angel platform) shows made by other companies. However, because Angel’s revenue is generated from the distribution of these shows, Angel does benefit when a show is financially successful. In the future, we may own or hold an ownership interest in the shows on our platform.
Yes, you can invest directly using any bank account that's supported by Plaid. Note that while Plaid supports thousands of financial institutions worldwide, it may not support some regional banks or credit unions.
Yes, you can invest using an entity. However, in order to invest via an entity, you may be required to meet a high investment minimum or be a majority owner of the entity investing.
The stock of the Company is not currently publicly traded on any open market or exchange, so your shares will have very limited liquidity. You should only invest with the expectation of holding the shares for a significant period of time.
The Chosen, Inc has terminated its agreement with Angel Studios. The team at Angel is so happy we were able to be instrumental in the founding of The Chosen and thrilled our long hours of hard work over the last 8 years helped it become the worldwide success it is. We thank the Angel audience and fans for helping bring The Chosen to life—we couldn't have done this without you.
We are proud we launched it into the world and spread it to over 100 partners worldwide and 100M viewers and we wish The Chosen the best with their new relationship with Lionsgate and the Come and See Foundation.
Yes. Angel intends to combine with a public company in September 2025 pending completion of closing conditions. If approved, the combined company's shares will trade on a major US stock exchange under the symbol “ANGX.”
You'll definitely want to read ALL the details and risks in our offering circular, including the Proposed Business Combination (pg. 52) before investing, as well as ALL the important disclosures below, because no assurance can be given that our combined proposal will succeed or that an active trading market for the shares will develop.
Our proposed combination with a special purpose acquisition company is subject to several closing conditions, and there is no guarantee that it will close before the September 30, 2025, deadline described in our offering circular. If the combination closes, your shares of Angel would convert into shares of the combined company, and Angel would continue as a wholly owned subsidiary of the combined company (which will take on our name 'Angel Studios, Inc.'). Your rights as a shareholder of Angel will be different to your rights as a shareholder of the combined company.
You should speak with your financial advisor, accountant and/or attorney when deciding whether to invest in this offering. Neither Angel, nor Rialto Markets makes any recommendations or provides advice about investments, and no communication, through investinangel.com or any other medium, should be construed as a recommendation of an investment in this offering.
Offering
Now Funding | Offering: Reg A+
Angel Studios, Inc.
9 Days Left*
$220.00 Minimum Investment