Alpha Modus enters funding agreement with Alpha Modus Ventures

Alpha Modus Holdings (AMOD) has executed a patent monetization and funding agreement with Alpha Modus Ventures, the entity that recently filed a patent infringement lawsuit against Broadcom (AVGO) on April 22. Under the terms of the agreement, Alpha Modus Holdings will fund litigation efforts related to the enforcement by Alpha Modus Ventures, of U.S. Patent Nos. 11,108,591; 11,303,473; and 11,310,077, which cover breakthrough technologies for transporting Fibre Channel data over Ethernet-a technology the company believes is being broadly infringed by Broadcom and others. Importantly, the parties have also executed an option agreement granting Alpha Modus Holdings, the right to acquire 100% of Alpha Modus Ventures. The acquisition, if completed, will further consolidate patent ownership under AMOD and strengthen its position in ongoing and future enforcement actions. The exercise of the option will be subject to shareholder approval and other conditions, and there is no guaranty that the option will be exercised. The litigation against Broadcom is now actively underway in the United States Western District Texas Court and represents one of several high-stakes actions brought or funded by Alpha Modus. The company anticipates additional suits and partnerships will follow as part of its broader strategy to assert and monetize its growing IP portfolio.