Loan & DebtJul 2, 2026, 04:28 PM
Alpha Modus Secures Up to $10M in Financing from Streeterville Capital
AI Summary
Alpha Modus Holdings, Inc. entered into a Securities Purchase Agreement with Streeterville Capital, LLC for up to $10,000,000 in Secured Pre-Paid Purchases. The agreement also includes the sale of 450,000 Class A common shares as pre-delivery shares. The Pre-Paid Purchases mature in 18 months, carry an 8% original issue discount, and accrue 8% annual interest, secured by a first-priority interest in all company assets. The company received shareholder approval for issuing shares exceeding the Nasdaq Exchange Cap, and key insiders have subordinated their debt to the investor.
Key Highlights
- Secured up to $10,000,000 in Pre-Paid Purchases from Streeterville Capital, LLC.
- Sold 450,000 Class A common shares as pre-delivery shares for $45.
- Initial Pre-Paid Purchase of $2,190,000 includes $160,000 OID and $30,000 transaction fees.
- Pre-Paid Purchases mature in 18 months, accrue 8% annual interest, and have an 8% original issue discount.
- Company can prepay at 110% of the outstanding balance with 10 trading days' notice.
- Investor can purchase shares at 90% of the lowest 5-day VWAP, with a $0.81 per share floor price.
- Outstanding balance increases by 1% every 30 days if registration statement is not effective within 90 days.
- All purchases are secured by a first-priority security interest in all company assets.
Price Impact
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