Technology
Wishpond’s Annual CEO Letter Highlights Artificial Intelligence as Cornerstone to 2025 Vision
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Wishpond’s vision is to create a fully autonomous, AI-enabled, marketing and sales platform that manages the entire customer acquisition journey, streamlining lead generation, engagement, and deal closure to help businesses grow cost effectively and achieve superior customer conversions.Wishpond’s all-in-one platform simplifies the entire customer journey with intuitive, automated solutions like SalesCloser, a conversational AI-based virtual sales agent that leverages generative AI technologies to conduct personalized sales calls and product demos. Salescloser aims to help companies boost efficiency, save costs, and enhance customer satisfaction.Wishpond is focused on reaccelerating growth in 2025 by expanding its sales team and scaling SalesCloser adoption. The Company remains committed to maintaining strong Adjusted EBITDA(1) and cash flow generation while driving long-term profitability.
VANCOUVER, BC, Jan. 30, 2025 /PRNewswire/ – Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) (the “Company” or “Wishpond”), a provider of marketing-focused online business solutions, is pleased to release its fourth annual CEO letter to shareholders.
Ali Tajskander, CEO of Wishpond, commented, “I want to start by taking you back to a moment that still inspires me. Years ago, when we first dreamt of creating a platform that would change how businesses attract and engage customers, we saw a future brimming with possibilities. We imagined a time when marketing and sales teams wouldn’t have to waste precious hours on repetitive tasks, and when data-driven decisions could be made in an instant. Today, as the power of Artificial Intelligence (“AI”) becomes more accessible and sophisticated, that future is quickly becoming our reality—and Wishpond is leading the way.”
Our Vision: A Fully Autonomous AI enabled Marketing and Sales Engine
Picture a business where every step of the buyer’s journey is handled automatically and intelligently—no manual work required. That’s the vision driving us at Wishpond. We are aiming to build a fully autonomous marketing and sales engine that takes a prospective customer from the moment they show interest all the way to a finalized deal. By freeing professionals from tedious tasks, we aim to empower them to spend their energy on strategic thinking, creative ideas, and building genuine relationships.
This vision is more than just a technology roadmap—it’s our commitment to helping businesses of all sizes grow faster, reduce costs, and achieve more consistent results. We believe that the best kind of technology doesn’t replace people; it elevates them. When AI handles the routine, it gives humans the freedom to do what we do best: connect, innovate, and lead.
Our Unique Positioning
We believe that what makes Wishpond stand out is the all-in-one nature of our marketing and sales platform. We’ve designed our platform to handle the entire customer journey: from attracting a visitor, to converting them into a lead, to closing the deal and earning their referrals. Every step is designed to be intuitive, automated, and integrated.
Our newest product, SalesCloser, is a testament to the power of this approach. SalesCloser uses AI agents to handle sales calls and customer inquiries, helping businesses speed up their sales cycles and aims to ensure no opportunity is ever missed. SalesCloser can also be used to enhance customer interactions by replacing outdated Interactive Voice Response (“IVR”) systems and their rigid, frustrating menus with intelligent, conversational experiences. The market response to SalesCloser has exceeded our expectations. We’ve seen firsthand how SalesCloser addresses a massive need, helping teams save time and money while boosting conversions. That’s why we’re investing heavily in its continued development—because we believe it has the potential to transform how sales teams operate.
We believe SalesCloser exemplifies the evolution of the sales model, seamlessly combining AI-driven automation with human expertise. By handling initial tasks such as customer screening, lead qualifications, and product demos, SalesCloser allows human sales representatives to focus on closing deals. This hybrid sales approach of AI agents working alongside human sales personnel enhances efficiency, enabling businesses to scale without incurring higher personnel costs.
Wishpond has now filed three patent applications related to conversational AI, reinforcing our commitment to innovation and solidifying our competitive edge by enhancing the capabilities of our AI-driven solutions, enabling smarter, more efficient customer interactions that drive growth and customer satisfaction.
Growth Plans and Strategy: Reaccelerating Momentum
In 2024, we achieved several significant milestones that highlight our resilience and adaptability, including the following:
Delivered nine consecutive quarters of positive Adjusted EBITDA(1) and generated positive cash flow from operations in the second half of the year.Streamlined costs, stabilized our balance sheet, and redirected our focus toward higher-margin opportunities, ensuring sustainable growth.Developed an AI driven hybrid sales model with our internal sales team with human agents working alongside SalesCloser’s AI agents.
These achievements aren’t just numbers on a page; they are real proof of our team’s grit and dedication. Through ups and downs, our focus has remained steady: be fiscally responsible, stay innovative, and never lose sight of our broader mission.
Looking ahead, we’re determined to reaccelerate our growth. Our plan is ambitious and straightforward:
Leverage SalesCloser: We’ve integrated SalesCloser into our sales processes, including lead qualification and initial customer demos, allowing our sales reps to focus on building relationships and closing deals.Expand Our Sales Team: We’re adding talented people to connect with more businesses and complete the sales cycle, using a hybrid approach where AI and human expertise work together to deliver results.Invest in AI and Innovation: We’ll continue refining all our products, but especially those powered by AI, to ensure we stay ahead of the curve.
We’re confident this strategy will be transformative not just for Wishpond, but for every business we serve.
2025 Outlook
We have a positive outlook for 2025 based on a healthy demand for demo bookings for SalesCloser and our all-in-one marketing product suite. We believe Wishpond stands out because of the following:
Consistent Positive Adjusted EBITDA: We believe that our financial track record speaks to a responsible and profitable business model.Strong Margins and Cash Flow: We’ve proven our ability to manage costs effectively, even under challenging circumstances.AI-Driven Product Suite: We believe that our solutions, especially SalesCloser, are on the cutting edge of AI in marketing and sales—an industry that’s poised for massive growth.
By staying true to fiscal responsibility and aiming for profitable growth, we aim to build a sustainable path toward long-term success.
As we execute on our vision, we anticipate our free cash flow will continue to improve, giving us more flexibility to invest in what we believe matters most: improving our technology and delivering value to our clients. At the same time, we remain vigilant, aiming for our cash flows to stay healthy and our decisions are always guided by long-term benefits.
Conclusion: Join Us on the Journey
We believe that we are standing at the threshold of a new era in marketing and sales—a time when businesses can finally delegate repetitive tasks to AI and focus their human talent where it counts most. At Wishpond, we’re not just witnessing this revolution; we want to spearhead it.
We invite you to be part of this exciting journey. Whether you’re an investor, a customer, or simply someone intrigued by the future of marketing and sales, we believe that our vision for a fully autonomous marketing and sales engine will reshape how businesses grow and thrive.
Thank you for your continued trust and support. We look forward to sharing our progress, celebrating our milestones with you, and building a brighter, more efficient future for all.
WISHPOND TECHNOLOGIES LTD.
Per: “Ali Tajskandar”
Founder, Chairman and Chief Executive Officer
Wishpond Technologies Ltd.
About Wishpond Technologies Ltd.
Based out of Vancouver, British Columbia, Wishpond is a provider of marketing-focused online business solutions. Wishpond is a leading provider of digital marketing solutions that empower entrepreneurs to achieve success online. The Company’s Propel IQ platform offers an “all-in-one” marketing suite that provides companies with marketing, promotion, lead generation, ad management, referral marketing, sales conversion and outbound sales automation capabilities in one integrated platform. Wishpond replaces disparate marketing solutions with an easy-to-use product, for a fraction of the cost. Wishpond serves over 4,000 customers who are primarily small and medium-sized businesses (SMBs) in a wide variety of industries. The Company has developed cutting-edge marketing technology solutions, including an AI powered website builder, an AI email automation tool and an AI sales agent, and continues to add new AI enabled features and applications. The Company employs a Software-as-a-Service (SaaS) business model where most of the Company’s revenue is subscription-based recurring revenue which provides excellent revenue predictability and cash flow visibility. Wishpond is listed on the TSX Venture Exchange under the ticker “WISH”, and on the OTCQX Best Market under the ticker “WPNDF”. For further information, visit: www.wishpond.com.
(1): Non-GAAP Financial Measures
In this press release, Wishpond has used the following term (“Non-GAAP Financial Measure”) that is not defined by IFRS, but is used by management to evaluate the performance of Wishpond and its business, being “Adjusted EBITDA”. This measure may also be used by investors, financial institutions and credit rating agencies to assess Wishpond’s performance and ability to service debt. Non-GAAP Financial Measures do not have standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Securities regulations require that Non-GAAP Financial Measures be clearly defined, qualified and reconciled to their most comparable IFRS financial measures. Except as otherwise indicated, Adjusted EBITDA is calculated and disclosed on a consistent basis from period to period. Specific items may only be relevant in certain periods. See the disclosure under the heading “Additional GAAP and Non-GAAP Measures” in Wishpond’s MD&A for a discussion of Non-GAAP Financial Measures and certain reconciliations to GAAP financial measures. The intent of Non-GAAP Financial Measures is to provide additional useful information to investors and analysts, and the measures do not have any standardized meaning under IFRS. The measures should not, therefore, be considered in isolation or used as a substitute for measures of performance prepared in accordance with IFRS. Other issuers may calculate Non-GAAP Financial Measures differently. Adjusted EBITDA is defined by the Company as follows:
Adjusted EBITDA: Adjusted EBITDA should not be construed as an alternative to net earnings, cash flow from operating activities or other measures of financial results determined in accordance with GAAP as an indicator of the Company’s performance. The Company defines “Adjusted EBITDA” as Income or Loss before income taxes less interest, depreciation and amortization, remeasurement of contingent consideration liability, filing fees, credit facility setup and renewal fees, earn-out remuneration, foreign currency losses (gains), acquisition related expenses, net other expenditures (income), and stock-based compensation. The Company believes that Adjusted EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives.
Cautionary & Forward-Looking Statements
This press release may contain certain forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including, without limitation, statements relating to SalesCloser, it’s adoption, development, use and any benefits derived by customers or the Company from this product or any of the other products of the Company, the Company’s goals and vision, the anticipated impact of AI technologies on the sales industry, the Company’s competitive position and involvement in the use of AI technology, improvement in the Company’s cash position and increased financial performance, references to the growth of the Company’s product portfolio and future profitability or growth generally, including whether additional products or features may be developed in the future, and the functionality and timing of such products, financial results or operational activities that may be undertaken by the Company, the results of the Company’s cost-savings, research and development and other initiatives, any future acquisitions or other activities done to grow the Company both organically or inorganically, expectations, beliefs, plans, future operations, the impact of broader economic factors including inflation and other general economic risks on the Company, business and acquisition strategies, opportunities, objectives, prospects, assumptions, including those related to trends and prospects, and future events and performance. Sentences and phrases containing or modified by words such as “expect”, “anticipate”, “plan”, “continue”, “estimate”, “intend”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targets”, “projects”, “is designed to”, “strategy”, “should”, “aim”, “believe”, “contemplate” and similar expressions, and the negative of such expressions, are not historical facts and are intended to identify forward-looking statements, however not all forward-looking statements may include such words. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including, but not limited to, risks associated with the protection of intellectual property of the Company, risks associated with changes to SalesCloser’s revenue and profitability, changes to customer preferences, competition, use cases for SalesCloser, economic uncertainty and instability as a result of the ongoing inflation and supply chain issues, higher interest rate climate, tightening of credit availability and recessionary risks, pandemic related risks, wars, instability in global commodity and securities markets, shifts in consumer and institutional spending and marketing strategies, risks related to data breaches and privacy, the changing global market and competition for the products and services supplied by the Company, and the additional risk factors discussed in the public disclosure documents of the Company which such risk factors are incorporated herein by reference and are available through SEDAR+ at www.sedarplus.ca. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Wishpond Technologies Ltd.
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Technology
LOWELL OBSERVATORY RECOGNIZED AS ONE OF THE WORLD’S 100 GREATEST PLACES BY TIME
Published
48 minutes agoon
March 13, 2025By

FLAGSTAFF, Ariz., March 13, 2025 /PRNewswire/ — Today, TIME recognized Lowell Observatory in its annual list of the World’s Greatest Places, which highlights 100 extraordinary destinations to visit and stay.
“Each year, TIME solicits nominations of places—including hotels, cruises, restaurants, attractions, museums, parks, and more—from its international network of correspondents and contributors, as well as through an application process, with an eye toward those offering new and exciting experiences,” describes the introduction to the list. “The result: 100 extraordinary destinations to stay and to visit this year.” Special consideration is given to new experiences.
Lowell Observatory, included in the “Places to Visit” section of the list, is highlighted in the introduction, “In Flagstaff, Ariz., The Lowell Observatory—famous as the site of Pluto’s discovery—now features an open-air planetarium, where visitors can get live commentary on that night’s sky from the comfort of heated seats.”
Lowell Observatory has been a leading center of astronomical research and education since its founding in 1894. The open-air planetarium is part of Lowell’s new public education facility, the Marley Foundation Astronomy Discovery Center, which opened this past November.
This recognition from TIME comes on the heels of Lowell Observatory also being voted as Newsweek’s Best Science Museum on March 6.
“Congratulations to Lowell Observatory for being named by TIME as one of the world’s 100 greatest places this year,” said Arizona Senator Mark Kelly. “For more than a century, Lowell Observatory has been at the forefront of space exploration and scientific discovery, inspiring generations of astronomers and deepening our understanding of the universe. This well-deserved honor reflects its lasting contributions to science and education. I am proud that Arizona is home to this world-class institution, and I look forward to seeing Lowell Observatory continue to push the boundaries of discovery.”
Arizona Governor Katie Hobbs said, “Congratulations to Lowell Observatory on this well-deserved recognition. For over 130 years, Lowell has led the way in astronomical research and education. It stands as a crown jewel of Arizona, yet its impact reaches far beyond, shaping science, education, the economy, and culture worldwide.”
Lowell Observatory was the first permanent scientific organization established in Flagstaff and laid the groundwork for the community to grow into a major center for astronomical research and education that now includes Northern Arizona University, the United States Geological Survey Flagstaff Science Campus, the Naval Observatory Flagstaff Station, and Coconino Community College, as well as the Flagstaff Dark Sky Coalition.
“The world will now know what Flagstaff has known for more than 100 years,” said Flagstaff Mayor Becky Daggett. “Planetary scientists and astronomers at Lowell Observatory are not only conducting innovative research, but the observatory’s education team is translating it into thrilling firsthand programming. The new Astronomy Discovery Center at Lowell Observatory guarantees that future planetary scientists and astronomers will be created right here in Flagstaff.”
TIME’s announcement comes on the 170th anniversary of the birth of Lowell Observatory founder Percival Lowell, who was born on March 13, 1855, and the announcement of Lowell Observatory’s discovery of Pluto on March 13, 1930.
“We are honored to be named as one of the world’s greatest places,” said Lowell Observatory Executive Director Dr. Amanda Bosh. “We think of Lowell Observatory as a portal between our world and other places in our solar system, galaxy, and universe. Our research brings space closer to us through our understanding of it, and we invite the public to join us in exploring the wonders of our universe as well.”
Links:
Lowell Observatory: lowell.edu
TIME Listing for Lowell Observatory: time.com/collections/worlds-greatest-places-2025/7263157/lowell-observatory
TIME World’s Greatest Places Full List: time.com/worldsgreatestplaces
Newsweek Announcement: newsweek.com/readerschoice/best-science-museum-2025
Flagstaff, Arizona: discoverflagstaff.com
About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts more than 100,000 visitors annually for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.
About Flagstaff, Arizona
Flagstaff is a four-season destination that provides an ideal home base for visitors to explore some of the most spectacular scenery in the world, including the Grand Canyon and other national parks and monuments, Route 66, a charming historic downtown with trains, shopping, art galleries, events, music, restaurants and nightlife. This mountain town is the world’s first international dark-sky city and is also in the world’s largest ponderosa pine forest and surrounded by Native American culture. Please stay and play responsibly.
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SOURCE Lowell Observatory
Technology
Statement From the Minister of Energy and Natural Resources on Atlantic Canada’s Hydrogen Opportunity
Published
48 minutes agoon
March 13, 2025By
OTTAWA, ON, March 13, 2025 /CNW/ – Hydrogen is expected to play a key role in powering the economy going forward, and momentum is underway around the world to secure strong, reliable suppliers. Clean hydrogen has the potential as an efficient fuel source to revolutionize key sectors, including heavy industry, energy production and transportation. With the demand for clean hydrogen projected to increase — projections indicate at least a tenfold increase in demand over the next three decades — Canada is uniquely positioned to meet this need. Atlantic Canada in particular is already seeing significant movement to seize the economic opportunity this presents for the region and is expected to create thousands of jobs.
By building on Canada’s long expertise in this area, along with the federal government’s strong support in this space, including the release of Canada’s first-ever hydrogen strategy, and Canada’s natural position as a leader in the resources necessary for clean and efficient production, countries like Germany are looking to Canada as reliable supplier of hydrogen they need to power their economy.
In March 2024, Canada and Germany signed an agreement to establish a jointly supported bilateral window to accelerate commercial-scale hydrogen trade, secure early access for clean Canadian hydrogen producers in the German market and support the good jobs that come with it while strengthening our two countries’ efforts to fight climate change and enhance energy security. Since then, we have made significant progress toward realizing these goals. In July 2024, the Government of Canada committed up to $300 million to this initiative to support clean hydrogen trade with Germany, with a matching $300-million contribution from Germany.
Last fall, the proposed auction parameters for the Canada–Germany clean hydrogen window were submitted to the European Commission. Canada has since been working collaboratively with Germany and the European Commission to complete the review of these parameters and allow the competitive auction process to be launched as soon as possible.
To support a strong hydrogen industry in Atlantic Canada, the federal government, working with provinces, has taken significant strides over the last year. In fall 2024, the federal government passed Bill C-49, which will help unlock the enormous potential of offshore renewable energy, which will enable the development of hydrogen and generate thousands of jobs while attracting billions in investment and creating new economic opportunities in Nova Scotia and Newfoundland and Labrador.
This legislation built on work that had already been done to unlock the power of offshore wind in Atlantic Canada, including the regional assessments, which published final reports earlier this year, laying the foundation for development of offshore wind in the region. Nova Scotia has passed mirror legislation, which came into force at the end of January 2025, which will allow it to deliver on its goal of conducting a first call for bids for offshore wind in 2025. Similar legislation is making its way through the Newfoundland and Labrador legislature.
In addition, the federal government has made investments over the past year to spur development of Atlantic Canada’s vast offshore wind potential. Canada, Nova Scotia and Newfoundland and Labrador also joined the Global Offshore Wind Alliance, which will allow us to gather lessons learned from countries with long-established offshore wind industries and to accelerate development.
Canada’s abundant natural resources, reliable economy, skilled workers, long history as a leader in the hydrogen space and commitment to sustainability give us a competitive advantage with our international partners. Momentum is underway, and Atlantic Canada hydrogen players are well positioned to seize on these export opportunities. They will use Atlantic Canada’s abundant and untapped wind resources and immediate proximity to Atlantic shipping routes to build on our history as a reliable supplier and continue to power the world with the energy it needs.
The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources
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SOURCE Natural Resources Canada
Technology
Angel Reaches Milestone of 1 Million Guild Members
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48 minutes agoon
March 13, 2025By

Over 1 Million People in 170 Countries are Supporting Films, Series, Filmmakers, and Entertainment Content that Amplifies Light
PROVO, Utah, March 13, 2025 /PRNewswire/ — Angel, the film & TV tech platform curated by the Angel Guild, has reached a milestone with over one million paying Angel Guild members. These Guild members are participating in changing the film industry by voting on what projects are brought to both big and small screens.
“Angel is a movement seeking to replace the Hollywood gatekeepers with the audience. As the Chief Content Officer, I cannot greenlight a film unless it is first approved by our Guild members. There are no exceptions,” said Jeffrey Harmon, Co-founder and CCO. “The Angel Guild has three purposes. One, as Guild members, you approve every movie and TV series on Angel. Two, as a premium member, you support every Angel release in theaters by using your two complimentary movie tickets. Number three, your Angel Guild membership helps fund future films. And the results speak for themselves, Angel movies have the highest average audience score on Rotten Tomatoes of any major studio at 93%.”
In the month of February, over 350,000 viewers joined the Angel Guild community. This growth is due in part to an influx of new stories to the site, with over 13 movies, 54 episodes, and multiple specials posted since the beginning of the year.
Angel Guild members are important players in every part of Angel’s business model. Guild members vote on the hundreds of concept videos (“torches”) and completed films that filmmakers submit to Angel. Angel cannot sign a distribution deal with any filmmaker without first getting the Guild members’ approval. Unlike executives at major film studios, Angel has empowered Guild members to decide what the company releases in theaters or on their streaming apps. Guild members also get a variety of additional benefits, including full access to stream Angel’s growing library with new multiple movies and series released every week.
This milestone parallels the new film RULE BREAKERS releasing in theaters nationwide, achieving an A CinemaScore, a 97% PopcornMeter score, and a 81% Critics Score on Rotten Tomatoes. On the horizon, the animated epic THE KING OF KINGS is expected to launch in at least 40 international markets beginning April 11, with at least an additional 50 markets in the following months, and THE LAST RODEO is expected to reach theaters by Memorial Day.
# # #
About Angel Studios: Angel Studios is a values-based distribution company for stories that amplify light to mainstream audiences. Through the Angel Guild, one million members choose which film and television projects the studio will market and distribute. Memberships also help fund filmmakers telling stories that amplify light. Learn more at Angel.com
Additional Information and Where to Find It
In connection with the proposed business combination transaction between Southport Acquisition Corporation (“Southport“) and Angel Studios, Southport filed a registration statement on Form S-4 (as it may be amended, the “Registration Statement”) with the Securities and Exchange Commission (“SEC”) on November 12, 2024, which includes a preliminary prospectus and joint proxy statement of Southport and Angel Studios, referred to as a joint proxy statement/prospectus. The Registration Statement has not yet become effective. When available, a final joint proxy statement/prospectus will be sent to all Southport and Angel Studios stockholders. Southport and Angel Studios will also file other documents regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ, WHEN AVAILABLE, THE REGISTRATION STATEMENT, THE JOINT PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Registration Statement, the joint proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Southport and Angel Studios (when available) through the website maintained by the SEC at http://www.sec.gov. The documents filed by Southport with the SEC also may be obtained free of charge upon written request to 8 Bolling Place, Greenwich, CT 06830. The documents filed by Angel Studios with the SEC also may be obtained free of charge on Angel Studios’ website at https://www.angel.com/legal/sec-filings or upon written request to 295 W Center Street, Provo, UT 84601.
Participants in Solicitation
Southport, Angel Studios and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information about the directors and executive officers of Southport, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Southport’s Annual Report on Form 10-K for its fiscal year ended December 31, 2023, which was filed with the SEC on April 1, 2024, under the headings “Directors, Executive Officers and Corporate Governance,” “Executive Compensation,” “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” and “Certain Relationships and Related Transactions, and Director Independence.” To the extent holdings of Southport common stock by the directors and executive officers of Southport have changed from the amounts of Southport common stock held by such persons as reflected therein, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Information about the directors and executive officers of Angel Studios, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Angel Studios’ amended Form 10, which was filed with the SEC on May 13, 2024, under the headings “Security Ownership of Certain Beneficial Owners and Management,” “Directors and Executive Officers,” “Executive Compensation,” and “Certain Relationships and Related Transactions, and Director Independence.” To the extent holdings of Angel Studios common stock by the directors and executive officers of Angel Studios have changed from the amounts of Angel Studios common stock held by such persons as reflected therein, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Investors should read the joint proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of any of the documents referenced herein from Southport or Angel Studios using the sources indicated above.
No Offer or Solicitation
This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act or an exemption therefrom.
Cautionary Statement Regarding Forward-Looking Statements
This communication may contain certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Angel Studios and Southport. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (i) the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect the price of the combined company’s securities, (ii) the risk that the proposed transaction may not be completed by Southport’s business combination deadline and the potential failure to obtain an extension of the business combination deadline, (iii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the adoption of the Merger Agreement by the stockholders of Southport and Angel Studios, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vi) the effect of the announcement or pendency of the transaction on Angel Studios’ business relationships, operating results, and business generally, (vii) risks that the proposed transaction disrupts current plans and operations of Angel Studios or diverts management’s attention from Angel Studios’ ongoing business operations and potential difficulties in Angel Studios employee retention as a result of the announcement and consummation of the proposed transaction, (viii) the outcome of any legal proceedings that may be instituted against Angel Studios or against Southport related to the Merger Agreement or the proposed transaction, (ix) the ability to list the combined company’s securities on a national securities exchange in connection with the transaction, (x) the price of Southport’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Southport plans to operate or Angel Studios operates, variations in operating performance across competitors, changes in laws and regulations affecting Southport’s or Angel Studios’ business, and changes in the combined capital structure, (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, (xii) the ability to recognize the anticipated benefits of the proposed transaction, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees, (xiii) the evolution of the markets in which Angel Studios competes, (xiv) the costs related to the proposed transaction, (xv) Angel Studios’ expectations regarding its market opportunities, (xvi) risks related to domestic and international political and macroeconomic uncertainty, including the Russia–Ukraine conflict and the war in the Middle East, and (xvii) the risk of downturns and a changing regulatory landscape in the highly competitive industry in which Angel Studios operates. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Southport’s and Angel Studios’ annual reports on Form 10-K and Form 10, respectively, and quarterly reports on Form 10-Q, the Registration Statement on Form S-4, including those under “Risk Factors” therein, and other documents filed by Southport and Angel Studios from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Angel Studios and Southport assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Angel Studios nor Southport gives any assurance that either Angel Studios or Southport, or the combined company, will achieve its expectations.
Contact: press@angel.com
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SOURCE Angel Studios, Inc.


LOWELL OBSERVATORY RECOGNIZED AS ONE OF THE WORLD’S 100 GREATEST PLACES BY TIME
Statement From the Minister of Energy and Natural Resources on Atlantic Canada’s Hydrogen Opportunity

Angel Reaches Milestone of 1 Million Guild Members

Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network

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Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network

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