secwatch.observer — SEC 8-K summary
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Issuer:     ALPHA MODUS HOLDINGS, INC. (AMOD)
CIK:        0001862463
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001213900-24-108352
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Insight Acquisition amends convertible note and secures share forfeiture for Alpha Modus
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- Amended SPA with Streeterville Capital sets conversion floor price at $4.00 for $2.89M note (net $2.6M).
- Stock falling below $4.00 floor for 10 consecutive days triggers repayment 90 days after funding.
- Investor agrees not to foreclose on assets for 12 months after purchase price date.
- Polar Multi-Strategy Master Fund forfeits 850,000 Alpha Modus shares, reducing its stake to 150,000 at closing.
- Forfeiture reduces potential dilution by 85% for Insight shareholders in the business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1862463/000121390024108352/0001213900-24-108352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1862463/000121390024108352/ea0224614-8k425_insight.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-108352

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