other material
confidence high
sentiment neutral
materiality 0.15
Insight Acquisition Corp. rescinds $480K promissory note with sponsor, cancels obligation ab initio
ALPHA MODUS HOLDINGS, INC.
- Rescission agreement dated Nov 6, 2023 between Insight Acquisition Corp. and its sponsor to cancel a $480K note.
- The $480K promissory note dated Aug 17, 2023 is irrevocably rescinded and nullified ab initio.
- Parties restored to positions as if note never existed; no consideration exchanged.