MergerJun 30, 2026, 06:07 AM
Angel Studios Amends TTS & TCP Merger Agreements
AI Summary
Angel Studios, Inc. entered into Amended and Restated Agreements and Plans of Merger for both the Tuttle Twins Show, LLC (TTS) and Toothy Cow Productions, LLC (TCP) acquisitions. Key revisions include extending the 'Outside Date' for both mergers to October 31, 2026, and modifying certain closing conditions. Related parties of Angel Studios hold significant ownership in both TTS (41.6%) and TCP (2.4%), and the company has provided $11.7 million to TTS and $11.9 million to TCP in operational funding.
Key Highlights
- A&R TTS Merger Agreement extends Outside Date to October 31, 2026.
- A&R TTS Merger Agreement eliminates showrunner agreement for Daniel Harmon as closing condition.
- Angel Studios related parties own 41.6% of TTS units.
- Angel Studios provided $11.7 million in operational funding to TTS.
- A&R TCP Merger Agreement extends Outside Date to October 31, 2026.
- A&R TCP Merger Agreement revises closing conditions and merger structure.
- Angel Studios related parties own 2.4% of TCP units.
- Angel Studios provided $11.9 million in operational funding to TCP.
Price Impact
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