Alpha Modus SEC Filing Details Signed BTC-for-Shares Deal
Named facts from the August 27 filing: 3,170 BTC at $71k each for 51.62M shares plus warrants; stock drops 25% amid dilution and Nasdaq issues.
Alpha Modus disclosed in an August 27 SEC filing a signed agreement with 10 non-US investors to receive 3,170 BTC valued at $71,000 each ($225.1 million) in exchange for 51.62 million Class A shares plus matching warrants.
Pre-deal Class A shares totaled about 4.99 million; post-issuance the base would reach roughly 56.61 million, cutting existing holders to around 8.8%. The stock fell about 25% to $2.84 on the announcement. The company reported zero revenue, a $6.2 million first-half loss, a Nasdaq deficiency notice since April, and going-concern doubt. The transaction has not closed.