Fiserv earnings missed by $0.61, revenue fell short of estimates
Alpha Modus Holdings, Inc. (NASDAQ:AMOD), a small-cap technology company with a market capitalization of $45.32 million, disclosed Monday that it entered into a consulting agreement with Black Marble LP on Friday. The agreement, described in a recent SEC filing, calls for Black Marble to provide sales and application development services to Alpha Modus Holdings. According to InvestingPro data, the company’s shares have declined over 90% in the past year, highlighting the significance of this strategic partnership.
As part of the arrangement, Alpha Modus Holdings will issue 1,628,664 restricted shares of its Class A common stock to Black Marble. The shares are subject to a vesting schedule in four equal installments of 407,166 shares each, set for January 1, April 1, July 1, and October 1, 2026. The vesting of these shares is contingent upon the company generating at least $1,000,000 in earnings before interest, taxes, and depreciation, or $5,000,000 in gross revenues, attributable to Black Marble’s efforts related to the rollout of the company’s financial services kiosks or web or mobile application.
The company noted in the filing that the issuance of these securities is being made under an exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D, as Black Marble is considered an accredited investor or financially sophisticated.
Alpha Modus Holdings’ Class A common stock and redeemable warrants (NASDAQ:AMODW) are listed on The Nasdaq Stock Market LLC. The company is incorporated in Delaware and is classified as an emerging growth company.
This information is based on a press release statement contained in the company’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Alpha Modus Holdings, Inc. has been actively involved in a series of legal actions and business agreements. The company has filed multiple patent infringement lawsuits against several firms, including 7-Eleven, Lowe’s, Sensormatic Electronics, Johnson Controls International, Navori SA, meldCX Pty Ltd, and RetailNext. These lawsuits, filed in the U.S. District Court for the Eastern District of Texas, allege unauthorized use of Alpha Modus’s patented technologies in retail environments. The patents in question cover a range of systems, from AI-powered checkout and inventory management to consumer behavior analytics and personalized advertising.
Additionally, Alpha Modus has entered into consulting agreements with Rucus Holdings LLC and Leron Group LLC. As part of these agreements, Alpha Modus will issue a total of 4.25 million shares of Class A common stock to the consulting firms. These firms have been brought on board to aid in the rollout of Alpha Modus’s financial services kiosks with a major U.S. retailer. The company stated that the services provided by Rucus and Leron have been crucial in securing kiosk placements. These developments reflect the company’s strategic efforts to protect its intellectual property and expand its market presence.
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