Alpha Modus, Corp. (“Alpha Modus” or the “Company”), a technology
company with a core focus on artificial intelligence in retail, is
pleased to announce that the Company has retained the services of
Christopher E. Hanba of Dickinson Wright PLLC, a leading global law
firm, for his legal expertise, technical industry knowledge, and
deep experience with enforcing intellectual property rights.
Christopher Hanba has almost 20 years of
experience in intellectual property litigation, particularly within
the technology sector. Mr. Hanba acts as lead counsel on patent,
trademark, copyright, and trade secret misappropriation litigation
matters. In addition, he regularly appears before the federal
courts and the International Trade Commission and is well-versed to
efficiently manage litigation processes with demonstrable results.
Mr. Hanba is also known as a thought leader on evolving technology
and the impact on intellectual property, including artificial
intelligence. Most recently he was a featured presenter on the
topic of Intellectual Property Infringement Risks Due to the Use of
AI Tools, at the Seminar for Legal Risks and Start-up Strategies
Planning with the Advent of Artificial Intelligence.
On January 16, 2024, Alpha Modus initiated a
patent infringement action against The Kroger Company alleging
patent infringement of several Alpha Modus patents pertaining to
the Company’s ‘571 patent portfolio encompassing retail marketing
and advertising data-driven technologies to enhance consumers’
in-store experience at the point of decision.
About Alpha Modus
Alpha Modus engages in creating, developing and
licensing data-driven technologies to enhance consumers’ in-store
digital experience at the point of decision. The company was
founded in 2014 and is headquartered in Cornelius, North Carolina.
For additional information, please visit alphamodus.com. Effective
as of October 13, 2023, Alpha Modus entered into a business
combination agreement (the “BCA”) with Insight Acquisition Corp.
(“Insight”), pursuant to which Alpha Modus would be acquired by
Insight (the “Business Combination”). The closing of the proposed
Business Combination is subject to a number of conditions, as set
out in the BCA, including but not limited to approval of the
transaction by Insight’s stockholders and Alpha Modus’
stockholders, the SEC declaring Insight’s registration statement on
Form S-4 effective and other customary closing conditions.
About Insight Acquisition Corp.
Insight Acquisition Corp. (NASDAQ: INAQ) is a
special purpose acquisition company formed solely to effect a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. Insight Acquisition Corp. is sponsored by Insight
Acquisition Sponsor LLC. For additional information, please visit
insightacqcorp.com.
Important Information About the Proposed
Business Combination and Where to Find It
In connection with the proposed Business
Combination, Insight and Alpha Modus have filed with the SEC a
registration statement on Form S-4, which includes Insight’s proxy
statement on Schedule 14A, and which registration statement has not
yet been declared effective by the SEC. The Company’s stockholders
and other interested persons are advised to read, when available,
the definitive proxy statement and documents incorporated by
reference therein filed in connection with the proposed Business
Combination, as these materials will contain important information
about Insight and Alpha Modus, and the proposed Business
Combination. Promptly after filing its definitive proxy statement
relating to the proposed Business Combination with the SEC, Insight
will mail the definitive proxy statement and a proxy card to each
Insight stockholder entitled to vote at the special meeting on the
Business Combination and the other proposals. Insight stockholders
will also be able to obtain copies of the preliminary proxy
statement, the definitive proxy statement, and other relevant
materials filed with the SEC that will be incorporated by reference
therein, without charge, once available, at the SEC’s website
at www.sec.gov or upon written request to Insight Acquisition
Corp. at 333 East 91st Street, #33AB New York, NY 10024.
Participants in the
Solicitation
Insight and its directors and executive officers
may be deemed participants in the solicitation of proxies from
Insight’s stockholders with respect to the Business Combination. A
list of the names of those directors and executive officers and a
description of their interests in Insight will be included in the
proxy statement for the proposed Business Combination and be
available at www.sec.gov. Additional information regarding the
interests of such participants will be contained in the proxy
statement for the proposed Business Combination when available.
Information about Insight’s directors and executive officers and
their ownership of Insight’s common stock is set forth in the
Company’s final prospectus, as filed with the SEC on September 7,
2021, or supplemented by any Form 3 or Form 4 filed with the SEC
since the date of such filing. Other information regarding the
interests of the participants in the proxy solicitation will be
included in the proxy statement pertaining to the proposed Business
Combination when it becomes available. These documents can be
obtained free of charge from the sources indicated above.
Alpha Modus and its directors and executive
officers may also be deemed to be participants in the solicitation
of proxies from the stockholders of the Company in connection with
the proposed Business Combination. A list of the names of such
directors and executive officers and information regarding their
interests in the proposed Business Combination will be included in
the proxy statement for the proposed Business Combination.
No Offer or Solicitation
This press release shall not constitute a
solicitation of a proxy, consent, or authorization with respect to
any securities or in respect of the proposed Business Combination.
This press release shall also not constitute an offer to sell or
the solicitation of an offer to buy any securities, nor shall there
be any sale of securities in any states or jurisdictions in which
such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, or an exemption therefrom.
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.
Insight’s and Alpha Modus’ 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, Insight’s and Alpha Modus’
expectations with respect to future performance and anticipated
financial impacts of the proposed Business Combination, the
satisfaction of the closing conditions to the proposed Business
Combination, and the timing of the completion of the proposed
Business Combination.
These forward-looking statements involve
significant risks and uncertainties that could cause the actual
results to differ materially from those discussed in the
forward-looking statements. Most of these factors are outside
Insight’s and Alpha Modus’ control and are difficult to predict.
Factors that may cause such differences include, but are not
limited to: (1) the occurrence of any event, change, or other
circumstances that could give rise to the termination of the
business combination agreement between Insight and Alpha Modus (the
“BCA”); (2) the outcome of any legal proceedings that may be
instituted against Insight and Alpha Modus following the
announcement of the BCA and the transactions contemplated therein;
(3) the inability to complete the proposed the proposed Business
Combination, including due to failure to obtain approval of the
stockholders of Insight and Alpha Modus, certain regulatory
approvals, or satisfy other conditions to closing in the BCA; (4)
the occurrence of any event, change, or other circumstance that
could give rise to the termination of the BCA or could otherwise
cause the transaction to fail to close; (5) the impact of COVID-19
pandemic on Alpha Modus’ business and/or the ability of the parties
to complete the proposed Business Combination; (6) the inability to
obtain the listing of the combined company’s common stock on the
Nasdaq Stock Market following the proposed Business Combination;
(7) the risk that the proposed Business Combination disrupts
current plans and operations as a result of the announcement and
consummation of the proposed Business Combination; (8) the ability
to recognize the anticipated benefits of the proposed Business
Combination, which may be affected by, among other things,
competition, the ability of Alpha Modus to grow and manage growth
profitably, and retain its key employees; (9) costs related to the
proposed Business Combination; (10) changes in applicable laws or
regulations; (11) the possibility that Insight and Alpha Modus may
be adversely affected by other economic, business, and/or
competitive factors; (12) risks relating to the uncertainty of the
projected financial information with respect to Alpha Modus; (13)
risks related to the organic and inorganic growth of Alpha Modus’
business and the timing of expected business milestones; (14) the
amount of redemption requests made by Insight’s stockholders; and
(15) other risks and uncertainties indicated from time to time in
the final prospectus of Insight for its initial public offering and
the registration statement on Form S-4, including the proxy
statement relating to the proposed Business Combination, including
those enumerated under “Risk Factors” therein, and in Insight’s
other filings with the SEC. Insight cautions that the foregoing
list of factors is not exclusive. Insight and Alpha Modus caution
readers not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. Insight and Alpha
Modus do 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 their expectations or any
change in events, conditions, or circumstances on which any such
statement is based.
Contacts:
Alpha Modus Shannon DevineMZ
Group+1(203) 741-8841shannon.devine@mzgroup.us
Insight Acquisition Corp.Cody SlachGateway
Group+1(949) 574-3860 INAQ@gateway-grp.com
Insight Acquisition (NASDAQ:INAQ)
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Insight Acquisition (NASDAQ:INAQ)
過去 株価チャート
から 12 2023 まで 12 2024