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Alpha Modus Strikes Kroger Again: Major Patent Infringement Lawsuit Filed Targeting Kroger’s Digital Retail Ecosystem
Globenewswire· 2025-09-02 13:00
Core Viewpoint - Alpha Modus, Corp. has filed a second patent infringement lawsuit against Kroger, alleging willful infringement of its patents related to next-generation retail technology [1][3]. Group 1: Lawsuit Details - The lawsuit was filed on August 29, 2025, in the United States District Court for the Eastern District of Texas [1]. - This complaint focuses on Kroger's own digital platforms, asserting seven patents and a soon-to-issue patent application related to technologies such as real-time consumer monitoring and AI-powered advertising [2]. - The technologies accused of infringement include Kroger's Barrows Connected Store, Everseen Visual AI, Kroger Precision Marketing, and others [2]. Group 2: Company Statements - William Alessi, CEO of Alpha Modus, emphasized that settling a previous dispute over Cooler Screens does not exempt Kroger from infringing on Alpha Modus's broader patent portfolio [3]. - The lawsuit seeks treble damages, attorneys' fees, and a permanent injunction due to Kroger's alleged willful disregard for Alpha Modus's intellectual property rights [3]. Group 3: Company Position - Alpha Modus asserts that it will enforce its rights vigorously and is open to licensing partnerships but will pursue litigation if its rights are violated [4]. - The company's patent portfolio is recognized by major companies and is foundational to innovations in AI-driven retail technology [4].
Alpha Modus Holdings Inc. (NASDAQ: AMOD) Eliminates Variable Rate Debt and Finalizes Capital Structure Cleanup
Globenewswire· 2025-07-24 12:30
Core Viewpoint - Alpha Modus Holdings Inc. has successfully resolved all variable rate debt associated with the DESPAC process, marking a significant milestone in its commitment to long-term shareholder value [1][2][3] Financial Strategy - The resolution of variable rate debt is part of a strategic initiative focused on preserving the integrity of the company's capital structure and avoiding dilutive derivative instruments [2][3] - The company emphasizes its commitment to not jeopardize shareholder value through toxic financing, leading to a streamlined capital structure [3] Future Outlook - With a clean capital table and no third-party variable rate debt, Alpha Modus is positioned for expansion, enhancing its appeal to institutional investors and strategic partners [3]
Alpha Modus Holdings, Inc. CEO Affiliates To Exchange Preferred Stock for Common Stock, Demonstrating Confidence in Near Future Outlook
Globenewswire· 2025-06-02 12:13
Core Viewpoint - Alpha Modus Holdings, Inc. announced a significant exchange of 3.2 million shares of Series C Preferred Stock for 26,079,868 shares of Class A Common Stock, indicating strong confidence in the company's future and reducing preferred equity [1][2][3] Group 1: Shareholder Impact - The exchange will eliminate key stock price downside protections associated with the preferred stock, benefiting common shareholders by reducing potential future dilution [3][8] - The Alessi family retains a portion of their preferred holdings, demonstrating alignment with common shareholders and a commitment to the company's long-term success [2][5] - The transaction enhances the market value of listed securities, aiding compliance with NASDAQ's continued listing requirements [4] Group 2: CEO's Perspective - CEO William Alessi emphasized that the exchange represents a $32 million stake in preferred stock, showcasing a belief that Alpha Modus is undervalued and that the path forward should reward long-term common shareholders [3][5] - By agreeing to a lock-up until June 2026, the Alessi family signals strong conviction in the company's growth prospects and a belief that current pricing does not reflect its underlying value [5] Group 3: Financial Implications - The removal of liquidation preferences and redemption rights on the exchanged preferred shares is expected to provide increased residual value to other common shareholders [8] - The exchange fixes the terms based on current market valuation, mitigating risks associated with future stock price declines [3][8]