Alpha Modus Raises 3,170 Bitcoins Worth Over $250 Million Through Stock and Warrant Issuance

Alpha Modus (NASDAQ: AMOD) disclosed that its wholly-owned subsidiary AMOD Tech obtained 3,170 Bitcoins by issuing approximately 51.6 million shares of common stock and related warrants on September 30. Based on market prices as of October 20, the value of the Bitcoins exceeds $250 million. The transaction also includes warrants to purchase an additional 51,621,560 shares at an exercise price of $4.36 per share. These warrants cannot be exercised for cash, but if fully exercised for cash, they could generate approximately $225 million in additional total proceeds for the company.

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