Insight Acquisition, Alpha Modus close business combination

Alpha Modus Holdings (AMOD) is pleased to announce that the business combination between Insight Acquisition (INAQ) and Alpha Modus has closed, and Alpha Modus’s common stock and warrants will begin trading on the Nasdaq Global Market under the ticker symbols “AMOD” and “AMODW”, respectively, on Monday, December 16. In connection with the closing of the business combination, the combined company consummated and issued a secured convertible promissory note to an investor, in exchange for net proceeds of approximately $2.6M, which will be used primarily to cover transaction costs and for working capital. The structure of the financing does not include commitment or warrant shares and is structured with the potential for an additional $5M capital infusion for working capital purposes in the future.