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Alpha Modus Holdings, Inc. (NASDAQ:AMOD), currently trading at $1.08 and down 90.5% over the past year according to InvestingPro data, announced Friday that it has entered into consulting agreements with Rucus Holdings LLC and Leron Group LLC. Under the terms of these agreements, Alpha Modus will issue 250,000 shares of Class A common stock to Rucus Holdings and 4,000,000 shares of Class A common stock to Leron Group as compensation for marketing and sales services.
The consulting firms have been engaged to assist with the rollout of Alpha Modus’s financial services kiosks with a major US retailer. According to the company’s statement, the services provided by Rucus and Leron have been instrumental in securing the placement of these kiosks.
The issuance of shares to Rucus and Leron is being conducted as an unregistered sale of equity securities, relying on exemptions from registration under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D. Both Rucus Holdings and Leron Group are described as accredited investors who had sufficient access to information about Alpha Modus, and the transactions did not involve a public offering or general solicitation.
Alpha Modus Holdings is incorporated in Delaware and its Class A common stock and redeemable warrants trade on The Nasdaq Stock Market under the symbols AMOD and AMODW, respectively.
This information is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Alpha Modus Corp., a subsidiary of Alpha Modus Holdings, Inc., has been active in filing multiple patent infringement lawsuits. The company has initiated legal action against 7-Eleven, Inc., alleging that its AI-powered checkout systems and other technologies infringe on eight of Alpha Modus’s patents. Additionally, Alpha Modus has filed a lawsuit against Lowe’s Companies, Inc. and its home centers, claiming infringement on six patents related to inventory management and customer engagement systems.
Further expanding its legal pursuits, Alpha Modus has targeted Sensormatic Electronics LLC, Johnson Controls International PLC, Navori SA, and meldCX Pty Ltd for allegedly using its patented AI systems in retail environments. RetailNext Inc. is also facing a lawsuit from Alpha Modus for unauthorized use of its patented in-store analytics technologies. In a separate development, Alpha Modus was recently granted a new patent for its retail shopper analytics systems, which cover methods for tracking shopper behavior and optimizing retail operations. These developments highlight Alpha Modus’s ongoing efforts to protect its intellectual property in the retail technology sector.
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