debt
confidence high
sentiment neutral
materiality 0.55
Alpha Modus raises $250K via convertible note and warrant; additional $750K option available
ALPHA MODUS HOLDINGS, INC.
- Issued $250K convertible promissory note, zero interest, due Oct 30, 2026; conversion price set at 80% of 5-day VWAP ($0.617 initial).
- Issued warrant to buy 1M shares of Class A common stock at $1.00/share exercisable for 5 years from issuance.
- Investor AIFirst Ventures has option to fund an additional $750K on same terms; 4.99% ownership limitation and Nasdaq exchange cap apply.
- Company must seek shareholder approval for issuance beyond 7.972M shares within 120 days and every 3 months thereafter.
- Company committed to use best efforts to register resale of underlying shares within 90 days, subject to lender consent.