other_material
confidence high
sentiment neutral
materiality 0.65
Alpha Modus licenses CashX platform; $10M stock earn-out; issues shares to directors, CRO, and lender
ALPHA MODUS HOLDINGS, INC.
- Entered exclusive, perpetual US license to CashX's mobile app, kiosk app, and prepaid card; pays $1,000 + up to $10M in stock upon $1M EBITDA or $5M revenue milestones from CashX efforts.
- Must invest $500k–$2M over 24 months to use IP; initial $250k payable in tranches tied to commercial release of Mobile App and Deltrix/Genmega kiosk certifications.
- Issued 84,452 shares to four non-employee directors and 52,832 shares to CRO Thomas Gallagher for quarterly fees; issued 138,000 shares to lender to partially settle $500K promissory note.
- Total shares outstanding after issuances: 41,173,558.
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