other material
confidence high
sentiment negative
materiality 0.70
Alpha Modus enters patent monetization agreement with CEO entity; amends convertible note
ALPHA MODUS HOLDINGS, INC.
- Enters Patent Monetization Agreement with CEO-controlled Alpha Modus Ventures to fund patent litigation against Broadcom (patents 11,108,591, 11,303,473, 11,310,077).
- Company receives litigation funding repayment priority, then scaled profit share: 65% up to 5x return, 45% up to additional 2x return, then 35%.
- Receives option to acquire AMV from its owners: termination of funding agreement, $300K cash, and stock worth $35M; closing requires shareholder approval.
- Amends Streeterville convertible note: balance increased to $3.60M, floor price cut to $1.25, monthly payments $582K; sells 1.25M pre-delivery shares for $125.
- Company must hold stockholder meeting within 60 days to approve issuances under the note and equity line.