Gold prices steady above $3,400/oz on rate cut bets; PCE data awaited
CORNELIUS, N.C. - Alpha Modus Holdings Inc. (NASDAQ:AMOD), a micro-cap fintech company currently valued at $16 million and trading at $1.16 per share, announced Wednesday it has obtained exclusive nationwide licensing rights to deploy and monetize all CashX kiosks and mobile applications across the United States. According to InvestingPro data, the company trades at an attractive P/E ratio of 10.7x despite facing recent market challenges.
The agreement with CashXAI, Inc. and CashX, LLC supersedes all prior deals and positions Alpha Modus as the sole fulfillment provider for CashX’s existing and future U.S. contracts.
According to the company’s press release statement, the deal could potentially span up to 20,000 U.S. locations over the next 3 to 5 years, representing over $20 million in monthly recurring revenue potential at full scale - a significant opportunity given the company’s current market capitalization.
The agreement includes a perpetual license to CashX’s core intellectual property, with an option to expand globally within 18 months. Alpha Modus will also integrate its AI patents to enhance analytics and revenue generation.
"This exclusive license allows us to execute at scale—potentially delivering vital financial services to the 60 million+ underbanked households in America," said Chris Chumas, Chief Sales Officer of Alpha Modus.
The CashX platform offers services including check cashing, remittances, bill pay, mobile top-up, and gift cards through both kiosks and mobile applications.
As part of the agreement, Alpha Modus has committed up to $2 million to accelerate the nationwide rollout and will take over existing CashX contracts across thousands of locations.
Alpha Modus Holdings Inc. develops AI-powered solutions for retail and fintech operations, while CashXAI provides financial access to underbanked populations through its network of kiosks and mobile platforms. InvestingPro analysis indicates the company faces some financial health challenges with a current ratio of 0.13, suggesting careful execution will be crucial for this expansion. Subscribers to InvestingPro can access 6 additional key insights about AMOD’s financial position and growth prospects.
In other recent news, Alpha Modus Holdings Inc. announced that a family trust connected to its CEO has committed $1.5 million in financing to support the company’s growth efforts. This funding is structured as a one-year promissory note with an option to convert the debt into common stock at $5 per share. The company also revealed an amended employment agreement with its CFO, Rodney Sperry, which increases his annual salary to $144,000, with half paid in cash and the other half in company shares. Additionally, Alpha Modus has received approval from Nasdaq to transfer its listing to the Nasdaq Capital Market, resolving previous listing deficiencies and ensuring compliance with Nasdaq requirements.
The company has also been granted a U.S. patent for its AI retail technology, which focuses on real-time shopper engagement and autonomous retail optimization. This patent was co-invented by Director Michael Garel and Jim Wang, supporting Alpha Modus’s AI-powered retail technology initiatives. In another development, Alpha Modus has launched its first CashX Financial Services Kiosk at Afia Grocery, an African specialty retailer in Louisville. This deployment is part of a broader strategy to roll out over 250 kiosks across diaspora-centered locations in the United States, offering services such as check cashing and international money transfers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.