Corporate ActionApr 13, 2026, 08:15 AM
Alpha Modus Converts 90% of Preferred Stock to Common Equity
AI Summary
Alpha Modus Holdings, Inc. announced a significant capital structure transformation, converting 90% of its outstanding Series C Preferred Stock, held by the CEO's family trusts, into common equity. This move is part of a deliberate strategy to simplify the balance sheet, reduce preferred equity overhang, and support full Nasdaq compliance. The company stated this is a structural execution, not a financing event, and follows previous initiatives like eliminating $41 million in mezzanine equity, aiming to improve key balance sheet metrics and align insider ownership with common shareholders.
Key Highlights
- Alpha Modus converts 90% of outstanding preferred stock to common equity.
- Over 94% of original 7.5 million preferred shares converted since 2024.
- Removes over $71 million in convertible preferred stock from balance sheet.
- CEO's family trusts relinquish preferred stock protections.
- Aims to improve Nasdaq listing standards compliance.