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Alpha Modus Files Patent Infringement Lawsuit Against Cooler Screens
Globenewswire· 2025-08-25 13:30
Core Viewpoint - Alpha Modus Holdings Inc. has filed a patent infringement lawsuit against Cooler Screens, alleging infringement of its patented technologies related to in-store consumer engagement and analytics [1][3] Group 1: Legal Actions - The lawsuit was filed in the United States District Court for the Northern District of Illinois (Case No. 1:25-cv-10004) [1] - This action follows recent settlements of separate lawsuits against Kroger and Walgreens regarding their Cooler Screens technology deployments, with terms of those settlements being confidential [2] Group 2: Company Commitment - The CEO of Alpha Modus emphasized the company's commitment to developing and protecting innovations that enhance the in-store experience [3] - The complaint asserts that Cooler Screens' digital smart display systems infringe on methods and systems claimed in Alpha Modus patents [3] Group 3: Company Overview - Alpha Modus Holdings Inc. is focused on redefining the retail experience through patented AI technologies, intelligent kiosks, and targeted consumer engagement tools [4] - The company aims to unlock new monetization pathways for retailers and fintech providers by integrating innovation with infrastructure [4]
Alpha Modus Settles Lawsuit Against Walgreens Over In-Store Technology Patents
Globenewswire· 2025-08-21 14:30
Core Viewpoint - Alpha Modus Holdings Inc. has reached a settlement in its patent infringement lawsuit against Walgreen Co., reflecting the company's commitment to protecting its intellectual property while fostering positive relationships in the retail and technology sectors [1][2]. Company Overview - Alpha Modus Holdings Inc. (NASDAQ: AMOD) specializes in AI-powered retail technology, offering patented technologies, intelligent kiosks, and consumer engagement tools aimed at enhancing the retail experience [3]. - The company is actively pursuing a broader IP monetization strategy, which includes resolving multiple enforcement actions and seeking licensing and litigation opportunities related to its patented technologies [2]. Legal Context - The lawsuit, Alpha Modus, Corp. v. Walgreen Co., was filed in the United States District Court for the Eastern District of Texas and involved claims related to specific U.S. patents [1]. - The terms of the settlement are confidential, and the lawsuit will be dismissed with prejudice, indicating a final resolution [2].
Alpha Modus Agrees to Preferred Stock Exchange to Eliminate ~$41 Million in Mezzanine Equity, Strengthening Balance Sheet, and Fully Aligning Insider Interests
GlobeNewswire News Room· 2025-08-18 12:00
Core Viewpoint - Alpha Modus Holdings, Inc. has announced a transformative capital restructuring that will eliminate approximately $41 million in mezzanine equity, reduce stockholders' deficit, retire its last remaining preferred stock, and create a more sustainable and shareholder-aligned capital structure for growth [1][4]. Financial Restructuring - The transaction will remove all preferred equity from Alpha Modus' balance sheet, strengthening the financial foundation of the company [2]. - The Alessi 2023 Irrevocable Trust will exchange about 4.3 million shares of Series C Preferred Stock for 40,111,940 shares of Class A common stock [2]. Insider Alignment - The common shares issued will have a transfer restriction until June 13, 2026, ensuring long-term alignment between insiders and shareholders [3]. - The CEO emphasized that the exchange reflects insider confidence in the company's long-term strategy and simplifies the capital structure, making it more investor-friendly [4]. Transaction Benefits - The restructuring eliminates approximately $41 million in mezzanine equity, reduces stockholders' deficit, and enhances financial strength and flexibility [9]. - All remaining Series C Preferred Stock will be retired, aligning insider holdings with long-term common shareholder interests [9]. - The capital structure will be simplified, improving transparency for current and prospective investors [9].