Related-party conflict disclosed — Services Agreement and all marketing/distribution activities between Angel Studios 001, Inc. and its Parent Company Angel Studios, Inc.; all officers and directors serve dual roles
MediumAll directors and officers of the Company are also directors and/or officers of the Parent Company and hold ownership interests in the Parent Company. The Services Agreement (pursuant to which the Parent Company performs all marketing and distribution services for the Company) and the use of the Parent Company's Platform are related party transactions. The Company is not separately represented by its own legal counsel. Decisions concerning matters such as contractual terms with the Parent Company are made by directors who have a direct interest in the outcome.
“As we are owned by our Parent Company, our Services Agreement with our Parent Company is a related party transaction. Additionally, we are not represented by legal counsel. Our directors and officers are also directors and/or officers of our Parent Company, and also have ownership interests in our Parent Company.”
PPM p.1196% confidence