tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Alpha Modus agrees to stock exchange to eliminate $41M in mezzanine equity

Alpha Modus (AMOD)entered into an agreement for a transformative capital restructuring that will eliminate approximately $41M in mezzanine equity, dramatically reduce the Company’s stockholders’ deficit, retire its last remaining preferred stock, and deliver a cleaner, shareholder-aligned capital structure designed for sustainable growth. This transaction marks the final step in removing all preferred equity from Alpha Modus’ balance sheet and strengthening the Company’s financial foundation. The sole remaining preferred stockholder, The Alessi 2023 Irrevocable Trust, will exchange approximately 4.3M shares of Series C Preferred Stock for 40,111,940 shares of Class A common stock. Under the terms of the agreement, the common shares that will be issued will be subject to a transfer restriction through June 13, 2026, ensuring long-term insider alignment with shareholders.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1