Core Viewpoint - Alpha Modus has entered into a business combination agreement with Insight Acquisition Corp, which is subject to various conditions including stockholder approvals and SEC regulations [3]. Company Overview - Alpha Modus is a technology company focused on artificial intelligence in retail, enhancing consumer in-store digital experiences [9]. - The company was founded in 2014 and is headquartered in Cornelius, North Carolina [9]. Business Combination Details - The business combination agreement (BCA) was effective as of October 13, 2023, and involves the acquisition of Alpha Modus by Insight Acquisition Corp [3]. - The closing of the proposed business combination is contingent upon approval from stockholders of both companies and the SEC declaring Insight's registration statement effective [3]. Patent Awards - Alpha Modus has received two new patents from the United States Patent and Trademark Office, including U.S. Patent No. 12,039,550, which focuses on enhancing customer shopping experiences in retail [4]. Regulatory Filings - Insight and Alpha Modus have filed a registration statement on Form S-4 with the SEC, which includes a proxy statement related to the proposed business combination [6]. - Stockholders are advised to read the definitive proxy statement and related documents once available, as they will contain important information regarding the business combination [6].
Alpha Modus Announces Two New Patent Awards for Consumer Experience and Personalized Marketing and Advertising in Retail