M&A
confidence high
sentiment neutral
materiality 0.90
Alpha Modus Holdings completes de-SPAC merger; 426,136 shares redeemed for $4.8M
ALPHA MODUS HOLDINGS, INC.
- Post-merger shares outstanding: 12,455,252 Class A common stock, 7,500,000 Series C preferred.
- Up to 2,200,000 earnout shares issuable if VWAP reaches $13, $15, $18 over 20 of 30 days within 5 years.
- Entered $2.89M secured convertible note with Streeterville Capital; net proceeds $2.6M for working capital and costs.
- Settled $1.1M+ Loeb & Loeb legal payables with $425K cash and $325K convertible note.
- Filed patent infringement lawsuit against Brookshire Grocery Co. in Eastern District of Texas on Nov 12, 2024.