Alpha Modus and Insight Acquisition to Merge, Expanding Horizons

Alpha Modus and Insight Acquisition Corp. Merge Plans Announced

Recently, Alpha Modus Corp., a leader in artificial intelligence technology geared towards enhancing retail experiences, has confirmed a significant development. Alongside Insight Acquisition Corp. (NASDAQ: INAQ), a special purpose acquisition company, they are moving forward with their business combination plans. This announcement follows the U.S. Securities and Exchange Commission (SEC) declaring effective their registration statement on Form S-4.

Details of the Business Combination

The proposed business combination is designed to create Alpha Modus Holdings, Inc. This new entity will trade on the Nasdaq under the ticker symbols "AMOD" for common stock and "AMODW" for warrants. This shift promises to streamline operations, placing both companies in a strong position for future growth and innovation.

Upcoming Special Meeting of Stockholders

A pivotal event in this process is the upcoming special meeting for stockholders, scheduled for virtual attendance. This meeting will allow Insight's stockholders, as of the record date, to engage in discussions and vote on the critical proposals associated with the combination.

Meeting Logistics

This virtual special meeting is set for a date that is marked for transparency and inclusivity. Stockholders are encouraged to participate actively, as their votes will be instrumental in solidifying the future of the combined entities.

Key Advisors Behind the Scenes

In any significant merger or acquisition, the roles of advisors are crucial. For this combination, CHW Strategic Advisors has been enlisted as the M&A advisor for Alpha Modus, while Maxim Group LLC provides capital market advisory services. On the legal front, both firms have secured legal representation from notable firms, ensuring compliance and smooth navigation through the processes involved.

Overview of Alpha Modus

Founded in 2014, Alpha Modus specializes in creating innovative artificial intelligence solutions tailored for the retail sector. Their focus is on improving the in-store digital experience, making every consumer interaction more meaningful and data-driven. As a result of this merger, they aim to utilize their expertise to reshape the retail experience significantly.

Insight Acquisition Corp.'s Role

As a special purpose acquisition company, Insight Acquisition Corp. is designed to facilitate mergers and similar combinations with business entities. Its formation paves the way for dynamic corporate strategies and innovative collaborations, opening the door for tremendous opportunities, especially within the tech landscape.

Looking Ahead

As the date for the special meeting draws near, both Alpha Modus and Insight Acquisition Corp. are geared up for this transitional phase. They anticipate that this merger will propel them to the forefront of technology-driven retail solutions. The expectations surrounding the impact of this combination are high and closely watched by industry stakeholders.

Frequently Asked Questions

What is the focus of Alpha Modus?

Alpha Modus specializes in artificial intelligence technologies aimed at enhancing retail consumer experiences through data-driven solutions.

When is the special meeting for stockholders?

The special meeting of Insight stockholders is set for a date confirmed to ensure stakeholder participation and input on the business combination.

What will the merged entity be called?

Upon completion of the merger, the newly formed company will be named Alpha Modus Holdings, Inc.

What ticker symbols will the new stock trade under?

The combined company's common stock and warrants are expected to trade under the ticker symbols "AMOD" and "AMODW", respectively.

Who are the key advisors in this transaction?

CHW Strategic Advisors, Maxim Group LLC, and several legal firms are advising Alpha Modus and Insight Acquisition Corp. on this business combination.

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