Alpha Modus Holdings, Inc. Form 8-K Filing
Alpha Modus Holdings, Inc. has entered into an exchange agreement with the family trust of its CEO, William Alessi. The trust will exchange 3,870,000 shares of Series C Preferred Stock for 109,588,265 shares of Class A common stock. This exchange is intended to increase the market value of the Company's listed securities and reduce its stockholders' deficit. The shares received by the trust are subject to a lock-up period until June 13, 2026. Separately, the Company received a notice from Nasdaq indicating it no longer meets certain listing standards, including minimum net income and market value of listed securities. The Company has 45 days to submit a plan to regain compliance. Failure to do so could result in delisting, which could negatively impact the Company's liquidity, market price, and ability to raise capital.