secwatch.observer — SEC 8-K summary
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Issuer:     ALPHA MODUS HOLDINGS, INC. (AMOD)
CIK:        0001862463
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001013762-23-004184
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Insight Acquisition Corp. enters into merger agreement with Alpha Modus, valuing equity at $110M
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- Merger values Alpha Modus equity at $110M; Alpha Modus stockholders to receive up to 11M SPAC shares at $10/share.
- Earnout: up to 2.2M additional shares if SPAC stock hits $13, $15, $18 thresholds within five years post-close.
- Sponsor deposits 750K shares into escrow subject to same earnout milestones as Alpha Modus stockholders.
- Combined company to repay up to $1M each to Polar Multi-Strategy Fund and Janbella, issuing shares at $1.
- Closing expected on or before June 7, 2024; subject to shareholder approvals and other conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1862463/000101376223004184/0001013762-23-004184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1862463/000101376223004184/ea186792-8k425_insight.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-004184

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer