Alpha Modus Holdings completes a PIPE transaction, receiving 3,170 bitcoin in exchange for 51.62 million Class A shares and warrants. This transaction significantly enhances its balance sheet with over $200 million in assets.
On September 30, Alpha Modus closed a PIPE transaction where investors delivered 3,170 bitcoin for shares and warrants. The transaction bolsters Alpha Modus's stockholders' equity, exceeding $200 million. The company aims to regain compliance with Nasdaq's minimum stockholders' equity requirement. However, it also leads to significant dilution with the issuance of over 51 million shares and additional warrants.
Company Information
Company
Alpha Modus
Location
Charlotte, North Carolina, United States
About
Alpha Modus Corp., a technology company, engages in creating, developing and licensing data-driven technologies to enhance consumers' in-store digital experience at the point of decision. It was founded in 2014.
Fundz sees it the moment Alpha Modus raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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