Millions Locked Out of Banking May Soon Find an Alternative at the Checkout Line. Alpha Cash Plans to Be That Alternative

Alpha Modus (NASDAQ: AMOD) plans to launch the Alpha Cash app and kiosk network to serve underserved, unbanked consumers with check cashing, money transfers, bill pay, remittance, and prepaid debit access.

Rhea-AI Summary

Alpha Modus (NASDAQ: AMOD) plans to launch the Alpha Cash app and kiosk network to serve underserved, unbanked consumers with check cashing, money transfers, bill pay, remittance, and prepaid debit access.

Retail deployment begins in Texas; the first 500 eligible users receive free check cashing through June 30, 2026. Eligibility and state restrictions apply.

Argus Mar 16 session

+0.85% close to close Open Argus

Details

News Market Reaction – AMOD

On Mar 16, the day this news came out, AMOD closed 0.85% above the previous close.

Data tracked by StockTitan Argus for the Mar 16 session.

Key Figures

Unbanked U.S. households: 5.6 million households Unbanked Harris County: 600,000 residents Check-cashing fees: 10% of check value +5 more

Unbanked U.S. households

5.6 million households

Estimated unbanked households in America cited in release

Unbanked Harris County

600,000 residents

Approximate unbanked adults in Harris County, Texas

Check-cashing fees

10% of check value

Fees paid at some grocery and convenience store counters

ATM program size

$3,500,000

Common stock to be sold under at-the-market offering via H.C. Wainwright

ATM commission

3.0%

Commission on gross proceeds payable to sales agent

Shares outstanding

41,959,958 shares

Common stock outstanding as of January 2, 2026

Potential new shares

7,575,757 shares

New shares issuable under ATM at illustrative $0.462 price

Shelf registration size

$250,000,000

Total of Class A common stock, warrants and units under S-3 shelf

Historical Context

5 past events · Latest: Mar 06

5 events

1. Mar 06

   Patent case settlement

   24h Move

   -4.6%

   Resolved patent litigation against Brookshire Grocery with dismissal of all claims.

2. Feb 05

   Strategy shareholder letter

   24h Move

   -8.8%

   CEO outlined IP enforcement, Alpha Cash pilot plans, and capital optionality.

3. Feb 03

   Infrastructure agreement

   24h Move

   -1.0%

   Signed multi-year ACI Worldwide deal for remittance and bill-pay infrastructure.

4. Jan 29

   Prepaid partnership

   24h Move

   +0.0%

   Partnered with Prepay Nation to integrate prepaid access into Alpha Cash.

5. Jan 27

   Operations leadership hire

   24h Move

   -0.6%

   Appointed Head of Delivery to oversee Alpha Cash kiosk rollout execution.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

remittance, prepaid debit, at-the-market offering, shelf registration, +4 more

8 terms

remittance financial

"deliver check cashing, money transfers, bill pay, remittance, and prepaid debit access"

A remittance is a transfer of money from one party to another, often sent across borders or between businesses and customers. Think of it like mailing a payment or wiring cash to settle a bill or support family: it changes who has cash and when. Investors watch remittances because they affect a company’s cash flow, sales recognition, foreign-exchange exposure and the health of consumer demand in regions that receive or send large payments.

prepaid debit financial

"remittance, and prepaid debit access for consumers underserved by traditional banking"

A prepaid debit is a card or account you load with money in advance and then use to make purchases or withdraw cash until the balance runs out, similar to using a reusable gift card. For investors, prepaid debit products matter because they generate steady fee income, create short-term cash balances that companies can invest or earn interest on, and face consumer and regulatory risks that can affect revenue and growth.

at-the-market offering financial

"launching an at-the-market offering of its common stock of up to $3,500,000"

An at-the-market offering is a method companies use to sell new shares of stock directly into the open market over time, rather than all at once. This allows them to raise money gradually, similar to selling small pieces of a product instead of a large batch. For investors, it means the company can access funding more flexibly, but it may also increase the supply of shares and influence the stock’s price.

shelf registration regulatory

"has filed a shelf registration to offer and sell up to $250,000,000 of Class A"

Shelf registration is when a company gets permission ahead of time to sell new stocks or bonds over a period of time instead of all at once. It matters to investors because it lets a company raise money quickly when needed, but it can also change the value of existing shares if many new ones are sold.

View in glossary

warrants financial

"Class A common stock, warrants and/or units, including up to $3,500,000 of common stock"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

going concern financial

"auditor’s report on its 2023 and 2024 financial statements includes a going concern qualification"

Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

public float financial

"The company’s public float was about $10,880,847 as of January 2, 2026"

Public float is the total number of a company's shares that are available for trading by the general public. It excludes shares held by company insiders or large stakeholders who are unlikely to sell them easily. This figure helps investors understand how much of the company's stock is actively available, which can influence its liquidity and how easily its price might change.

controlled company regulatory

"qualifies as a controlled company because its CEO holds majority voting power"

A controlled company is a publicly traded firm where one shareholder or a small group holds enough voting power to determine board members and major strategic choices. For investors this matters because control can speed decision-making and protect long-term plans, but it also raises the risk that majority owners will favor their own interests over minority shareholders, reducing outside oversight—like a family-owned restaurant that sold shares but the family still calls the shots.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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With a retail deployment beginning in Texas already planned, the Alpha Cash app and kiosk network are designed to deliver check cashing, money transfers, bill pay, remittance, and prepaid debit access for consumers underserved by traditional banking.

CORNELIUS, N.C., March 16, 2026 (GLOBE NEWSWIRE) -- An estimated 5.6 million U.S. households in America remain unbanked. In Harris County, Texas, alone, that figure approaches 600,000 residents — nearly one in six adults. For many, cashing a paycheck still means standing in line at a grocery or convenience store and paying fees that can reach 10% of the check’s value.

Alpha Modus Financial Services, a subsidiary of Alpha Modus Holdings, Inc. (“Alpha Modus”) (NASDAQ: AMOD), intends to introduce a new option through the Alpha Cash App - a platform designed to help consumers cash checks, move money, pay bills, send remittances, and access prepaid debit services without the high fees often associated with traditional check-cashing counters.

To introduce the platform to consumers, Alpha Cash is offering the first 500 eligible users free check cashing services through June 30, 2026. The promotion is designed to give underbanked and cash-preferred consumers an opportunity to try the service without the typical fees that have long been associated with accessing their own money.

Pre-registration for the promotion is open now at alphacash.ai. Eligibility, verification, and state restrictions apply; full terms are available at the link above.

“The checkout line has been doing the job banks declined to do for millions of Americans,” said William Alessi, CEO of Alpha Modus. “Alpha Cash is designed to give consumers another option - one that reduces the fees that have long been the price of financial exclusion and makes everyday financial services more accessible.”

About Alpha Modus Holdings, Inc.

Alpha Modus Holdings, Inc. (“Alpha Modus” or the “Company”) (NASDAQ: AMOD) is a vertical AI company focused on real-time, in-store shopper engagement and attribution. Its patented “closed-loop” retail AI framework, Sense → Decide → Deliver → Attribute, enables brands and retailers to measure the full impact of digital content, physical interactions, and transaction outcomes. Through subsidiaries like Alpha Modus Financial Services, the company is actively deploying technologies that merge artificial intelligence, retail media, and financial access across the physical retail landscape.

For more information, visit: www.alphamodus.com

Alpha Modus maintains a comprehensive overview of its patent portfolio on its website: https://alphamodus.com/what-we-do/patent-portfolio/.

For more information and to access Alpha Modus’ press room, visit: https://alphamodus.com/press-room/

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Alpha Modus’s actual results may differ from their expectations, estimates, and projections, and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. These forward-looking statements include, without limitation, Alpha Modus’s expectations with respect to future performance.

Alpha Modus Holdings, Inc. (“Alpha Modus”) cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Alpha Modus does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

Contact Information

Investor Relations
Alpha Modus Holdings, Inc.
Email: ir@alphamodus.com
Website: www.alphamodus.com

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8abd6a04-4229-4a0f-b8ea-4f4044e550a4

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Alpha Modus announcing with the Alpha Cash launch (AMOD) on March 16, 2026?

Alpha Modus is introducing the Alpha Cash app and kiosk network to serve underbanked consumers with financial services. According to Alpha Modus, the rollout begins in Texas with a promotion for the first 500 eligible users through June 30, 2026.

How does the Alpha Cash promotion for AMOD work and who is eligible?

The promotion offers free check cashing to the first 500 eligible users through June 30, 2026. According to Alpha Modus, pre-registration is open at alphacash.ai and eligibility, verification, and state restrictions apply under posted terms.

Which services will Alpha Cash provide to underbanked consumers via AMOD?

Alpha Cash will offer check cashing, money transfers, bill pay, remittance, and prepaid debit access for cash-preferred consumers. According to Alpha Modus, the platform is designed to reduce high fees tied to traditional check-cashing channels.

Where will Alpha Cash first deploy retail services for AMOD and why is that market targeted?

Retail deployment is planned to begin in Texas, targeting counties with high unbanked populations. According to Alpha Modus, Harris County figures approach 600,000 unbanked residents, motivating a localized rollout to reach underserved consumers.

How can consumers sign up for Alpha Cash's AMOD promotion and what limitations exist?

Consumers can pre-register at alphacash.ai to claim the promotion; the first 500 eligible users get free check cashing through June 30, 2026. According to Alpha Modus, full terms list eligibility, verification steps, and state restrictions at the registration link.