STOCK TITAN

Large share exchange and Nasdaq deficiency notice disclosed by Alpha Modus (NASDAQ: AMOD)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Alpha Modus Holdings, Inc. reported that on April 8, 2026 it entered into an Exchange Agreement with the family trust of its CEO, William Alessi. The trust will exchange 3,870,000 shares of Series C Preferred Stock for 109,588,265 shares of Class A common stock, which represent the shares that would have been issuable upon conversion under the company’s charter. The common shares cannot be sold or transferred (other than to affiliates) before June 13, 2026 and will only be issued, with the preferred cancelled, after the company complies with Nasdaq Rule 5635 shareholder approval requirements. The company is pursuing this exchange to increase the market value of its listed securities and materially reduce stockholders’ deficit.

Alpha Modus also disclosed that on April 6, 2026 it received a Nasdaq notice stating it no longer meets the $500,000 minimum net income standard, the alternative $35 million market value of listed securities standard, or the alternative $2.5 million stockholders’ equity requirement. The notice does not immediately affect trading, but the company has 45 days to submit a compliance plan and may receive up to 180 days from the notice date to regain compliance before potential delisting.

Positive

  • The planned exchange of 3,870,000 Series C Preferred Shares for 109,588,265 Class A common shares with the CEO’s family trust is intended to increase market value of listed securities and materially reduce stockholders’ deficit, potentially strengthening Alpha Modus’ balance sheet if completed.

Negative

  • Nasdaq notified Alpha Modus on April 6, 2026 that it no longer meets the $500,000 minimum net income, $35 million market value of listed securities, or $2.5 million stockholders’ equity standards, creating a real delisting risk if compliance is not regained within the allowed timeframe.
  • Potential delisting from Nasdaq could reduce liquidity and market price of the common stock, limit the company’s ability to raise equity financing or use public capital markets, and impair its capacity to provide equity incentives to employees.

Insights

Alpha Modus faces Nasdaq deficiency and executes large insider-led exchange to repair equity.

The company plans to exchange 3,870,000 Series C preferred shares for 109,588,265 Class A common shares with the CEO’s family trust. This is a substantial recapitalization aimed at increasing the market value of listed securities and materially reducing stockholders’ deficit, while locking up the new common shares until June 13, 2026.

Because the exchange is conditioned on meeting Nasdaq Rule 5635 shareholder approval requirements, its completion depends on corporate approvals. The trust’s agreement not to sell until June 13, 2026 limits immediate float pressure but concentrates ownership in a related party.

On the risk side, Nasdaq has notified the company that it no longer satisfies the $500,000 minimum net income, the $35 million market value of listed securities, or the $2.5 million stockholders’ equity standards. The company has 45 days to submit a plan and up to 180 days from the notice to regain compliance, after which delisting could affect liquidity, capital-raising ability, and use of equity incentives.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice or transferred its listing to a different exchange.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Preferred shares exchanged 3,870,000 shares Series C Preferred Stock to be exchanged under April 8, 2026 agreement
Common shares to be issued 109,588,265 shares Class A common stock to be issued to CEO’s family trust
Nasdaq minimum net income standard $500,000 Standard the company no longer meets per Nasdaq notice
Market value of listed securities standard $35 million Alternative Nasdaq MVLS Standard cited in deficiency notice
Stockholders’ equity standard $2.5 million Alternative Nasdaq stockholders’ equity requirement not met
Compliance plan deadline 45 days Time to submit plan to Nasdaq from April 6, 2026 notice
Maximum compliance extension 180 days Maximum period from notice date to regain Nasdaq compliance
Lock-up end date June 13, 2026 Date until which the trust cannot sell received common shares
Exchange Agreement financial
"entered into an exchange agreement (the “Exchange Agreement”) with the family trust"
Series C Preferred Stock financial
"exchange an aggregate of 3,870,000 shares of Series C Preferred Stock (the “Preferred Shares”)"
A Series C preferred stock is a specific class of ownership issued during a later funding round that gives holders priority over common shareholders for getting paid and receiving dividends, like having a reserved lane in traffic when money is distributed. It often includes agreed rights such as a fixed payout, protection against dilution, and the option to convert into common shares, so investors treat it as a mix of safety and upside potential.
market value of listed securities financial
"alternative minimum market value of listed securities of $35 million (“MVLS Standard”)"
The market value of listed securities is the total worth of stocks, bonds and other tradable instruments quoted on an exchange, measured using the prices investors are willing to pay right now. It’s calculated by multiplying each security’s current market price by the number of units outstanding and adding those amounts together, like totaling the value of every item in a store at today’s prices. Investors watch this because it shows the size, liquidity and overall health of the market or a company’s publicly traded portion, and it influences index weights, fund allocations and perceived risk.
Section 3(a)(9) of the Securities Act of 1933 regulatory
"issued in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933"
Section 3(a)(9) of the Securities Act of 1933 is a limited registration exemption that lets holders swap one security for another issued by the same company—common in reorganizations, mergers, exchanges or bankruptcy—without the company having to register the transaction with the SEC. Think of it like trading in an old product for a new model from the same maker: investors care because it can speed restructuring, cut legal costs and paperwork, and affect when and how shares become tradable, which in turn influences liquidity and potential dilution.
forward-looking statements regulatory
"contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Nasdaq’s Listing Rules regulatory
"shareholder approval requirements of Rule 5635 of Nasdaq’s Listing Rules (the “Rules”)."
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): April 6, 2026

 

ALPHA MODUS HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-40775   86-3386030

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

20311 Chartwell Center Dr., #1469

Cornelius, NC 28031

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (704) 252-5050

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per share   AMOD   The Nasdaq Stock Market, LLC
Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50   AMODW   The Nasdaq Stock Market, LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On April 8, 2026, Alpha Modus Holdings, Inc. (the “Company”) entered into an exchange agreement (the “Exchange Agreement”) with the family trust of the Company’s CEO, William Alessi, pursuant to which the trust will exchange an aggregate of 3,870,000 shares of Series C Preferred Stock (the “Preferred Shares”) for an aggregate of 109,588,265 shares of Class A common stock (the “Common Shares”).

 

In the Exchange Agreement, the trust agreed not to sell or otherwise transfer the shares of common stock to be received in the exchange until June 13, 2026 (except for permitted transfers to an affiliate). The number of Common Shares equals the number of shares of common stock that would have been issuable upon conversion of the Preferred Shares under the applicable conversion calculations in the Company’s Certificate of Incorporation, as amended, if the Preferred Shares had been convertible prior to June 13, 2026.

 

The Common Shares will not be issued, and the Preferred Shares will not be cancelled, until the Company has otherwise complied with the shareholder approval requirements of Rule 5635 of Nasdaq’s Listing Rules (the “Rules”). The Company is pursuing the exchange of the Preferred Shares for the Common Shares to (i) increase the market value of its listed securities in an effort to regain compliance with the MVLS Standard (defined below) under the Rules, and (ii) materially reduce the Company’s stockholders’ deficit.

 

The foregoing description of the Exchange Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

 

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On April 6, 2026, the Company received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company no longer meets the $500,000 minimum net income standard, the alternative minimum market value of listed securities of $35 million (“MVLS Standard”), or the alternative stockholders’ equity of at least $2.5 million required by Nasdaq’s Rules.

 

The Notice has no immediate effect on the listing or trading of the Company’s securities, except that an indicator will be displayed with quotation information related to the Company’s securities on NASDAQ.com and NASDAQTrader.com and may be displayed by other third-party providers of market data information. If the Company fails to timely regain compliance with the Rules, the Company’s securities will be subject to delisting from Nasdaq.

 

Under the Rules, the Company has 45 days to submit a plan to regain compliance, and if the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days from the date of the Notice to regain compliance.

 

If the Company’s common stock ultimately were to be delisted for any reason, it could negatively impact the Company by (i) reducing the liquidity and market price of the Company’s common stock; (ii) reducing the number of investors willing to hold or acquire the Company’s common stock, which could negatively impact the Company’s ability to raise equity financing; (iii) limiting the Company’s ability to use a registration statement to offer and sell freely tradable securities, thereby preventing the Company from accessing the public capital markets; and (iv) impairing the Company’s ability to provide equity incentives to its employees.

 

 

 

 

Item 3.02. Unregistered Sales of Equity Securities.

 

The disclosure provided above in Item 1.01 above is incorporated by reference into this Item 3.02. The Common Shares will be issued in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended, as the Common Shares will be issued in exchange for the Preferred Shares, there was no additional consideration for the exchange, and there was no remuneration for the solicitation of the exchange.

 

Disclosure Regarding Forward-Looking Information

 

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the Company’s beliefs and expectations relating to the Common Shares and Preferred Shares, and the Company’s compliance with Nasdaq’s Rules, and whether the Company’s common stock will remain listed on Nasdaq. These forward-looking statements are based on the current beliefs and expectations of the Company’s management with respect to future events, only speak as of the date that they are made and are subject to significant risks and uncertainties. Such statements can be identified by the use of words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “continue,” “can,” “may,” “look forward,” “aim,” “hopes,” and similar terms, although not all forward-looking statements contain such words or expressions. Actual results could differ significantly from those set forth in the forward-looking statements.

 

Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a material delay in the Company’s financial reporting, the possibility that the Company is unable to regain compliance with, or thereafter continue to comply with, Nasdaq’s listing rules, or experience violations of additional listing rules, and other factors contained in the “Risk Factors” section and elsewhere in the Company’s filings with the SEC from time to time, including, but not limited to, its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. The Company does not undertake to update any forward-looking statements to reflect changed assumptions, the impact of circumstances or events that may arise after the date of the forward-looking statements, or other changes over time, except as required by law.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
     
10.1   Exchange Agreement, dated April 8, 2026, by and between Alpha Modus Holdings, Inc., and The Alessi 2023 Irrevocable Trust
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL Document)

 

* Filed herewith.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ALPHA MODUS HOLDINGS, INC.
     
Date: April 10, 2026 By: /s/ William Alessi
  Name: William Alessi
  Title: President and Chief Executive Officer

 

 

FAQ

What equity exchange did Alpha Modus Holdings (AMOD) announce?

Alpha Modus agreed to exchange 3,870,000 Series C Preferred Shares held by the CEO’s family trust for 109,588,265 Class A common shares. This matches the shares otherwise issuable on conversion under its charter and aims to reduce stockholders’ deficit and support market value.

Why is Alpha Modus pursuing the preferred-for-common share exchange?

The company is pursuing the exchange to increase the market value of its listed securities and materially reduce its stockholders’ deficit. Management hopes these structural changes will support compliance with Nasdaq listing standards and improve the company’s overall equity position over time.

What lock-up applies to the new Alpha Modus common shares?

Under the Exchange Agreement, the CEO’s family trust agreed not to sell or transfer the new Class A common shares until June 13, 2026, except to affiliates. This restriction delays any share sales into the market and may limit immediate trading impact from the large share issuance.

What Nasdaq listing standards did Alpha Modus fail to meet?

Nasdaq notified Alpha Modus that it no longer meets the $500,000 minimum net income standard, the $35 million market value of listed securities standard, or the $2.5 million stockholders’ equity alternative. Falling below all three measures triggered the formal non-compliance notice.

How long does Alpha Modus have to regain Nasdaq compliance?

Alpha Modus has 45 days from the April 6, 2026 notice to submit a compliance plan to Nasdaq. If Nasdaq accepts the plan, the company may receive up to 180 calendar days from the notice date to regain compliance before its securities become subject to delisting.

What could happen if Alpha Modus is delisted from Nasdaq?

If delisted, the company’s common stock could suffer reduced liquidity and lower market price. Management notes delisting may limit access to equity financing, restrict use of registration statements for public offerings, and impair its ability to grant equity incentives to employees.

Filing Exhibits & Attachments

5 documents