Management Change/Compensation Form 8 K

(b)

On August 13, 2024, Mr. Stephen Oskoui tendered his resignation as a member of the Board of Directors (the "Board") of Angel Studios, Inc. (the "Company," "we," "us," or "our") effective as of August 13, 2024. Mr. Oskoui has served as one of the Company's independent directors since January 2022, and the Company and the Board are grateful to Mr. Oskoui for his distinguished service. Mr. Oskoui will continue providing advice and guidance as a Board observer pursuant to his role with Gigafund 1, LP, and its management rights letter with the Company. Mr. Oskoui has not indicated to the Board that his decision to resign as a director arose from any disagreement on any matter relating to the Company's operations, policies, or practices.

Mr. Oskoui was not a member of any standing committee of the Board, nor was he the representative director of any particular class of our common stock. Our Board may fill the vacancy resulting from Mr. Oskoui's resignation by affirmative vote of a majority of the remaining directors. The Board has not yet selected a replacement director to fill the vacancy.