Alpha Modus Completes Business Combination with Insight Acquisition Corp. for Nasdaq Debut

Deal News | Dec 13, 2024 | Globenewswire

Alpha Modus Completes Business Combination with Insight Acquisition Corp. for Nasdaq Debut

Alpha Modus, a technology company specializing in artificial intelligence for retail, is set to merge with Insight Acquisition Corp., a special purpose acquisition company. The business combination is expected to close today, with trading on the Nasdaq Global Market under the ticker symbols AMOD and AMODW anticipated to begin on December 16, 2024. Alpha Modus focuses on enhancing in-store digital experiences at the point of decision using data-driven technologies. Founded in 2014 and headquartered in Cornelius, North Carolina, Alpha Modus aims to leverage the merger to expand its market presence. Insight Acquisition Corp., prior to this merger, was solely formed for executing mergers and acquisitions. The release highlights caution around forward-looking statements, emphasizing that actual results may differ from expectations.

Sectors

  • Technology
  • Finance
  • Retail

Geography

  • United States – Alpha Modus is headquartered in Cornelius, North Carolina, and Insight Acquisition Corp. is involved in the acquisition and merger process within the U.S. market.

Industry

  • Technology – Alpha Modus operates in the technology sector, particularly focusing on artificial intelligence and data-driven technologies for retail environments.
  • Finance – Insight Acquisition Corp. is a special purpose acquisition company (SPAC) involved in financial transactions such as mergers and acquisitions.
  • Retail – Alpha Modus specializes in enhancing the consumer experience within the retail sector through digital innovations at the point of decision.

Financials

  • None – The article does not specify any financial metrics such as deal price or valuations.

Participants

NameRoleTypeDescription
Alpha Modus Corp.Target CompanyCompanyA technology firm developing AI-based solutions to enhance retail experiences, headquartered in Cornelius, North Carolina.
Insight Acquisition Corp.Bidding CompanyCompanyA special purpose acquisition company (SPAC) created to execute mergers, capital stock exchanges, and similar transactions.
Insight Acquisition Sponsor LLCSponsorCompanyThe sponsor of Insight Acquisition Corp. involved in bringing the SPAC to the market.