Filed
by Insight Acquisition Corp.
Pursuant
to Rule 425 under the Securities Act of 1933 and deemed
filed
pursuant to Rule 14a-12 under the Securities Exchange Act of 1934
Commission
File No. 001-40775
Subject
Company: Insight Acquisition Corp.
Alpha
Modus Announces Intellectual Property License Agreement with GZ6G Technologies Corp.
CORNELIUS,
N.C., Jan. 11, 2024 (GLOBE NEWSWIRE) – January 11, 2024 – Alpha Modus, Corp. (“Alpha Modus”), a technology
company with a core focus on artificial intelligence in retail, today announced it has entered into an intellectual property license
agreement with GZ6G Technologies Corp. (OTCQB: GZIC)(“GZ6G”). GZ6G, through its proprietary platform, provides advanced technologies
for seamless connectivity and digital experiences to its clients in the Stadium and Event Management industry. GZ6G recently partnered
with professional football, baseball, and basketball teams to use its platform to power influential advertisements across the teams’
stadiums, presenting opportunities to attract additional professional sports teams to the GZ6G platform.
The
license agreement licenses to GZ6G the right to use Alpha Modus’s patented intellectual property, and pertains to GZ6G’s
promotional, advertising, and operational functions, including co-development arrangements with Alpha Modus for AI-driven advertising
solutions for stadiums and event management.
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.
About
GZ6G Technologies
GZ6G
Technologies Corp. (OTCQB: GZIC) is an enterprise smart solutions provider for cities, stadiums, universities, and other large venues.
GZ6G offers cutting-edge technologies such as Wi-Fi 6 and 5G through our proprietary platform to provide seamless connectivity and digital
experiences for our clients. GZ6G is made up of four different business units, including Green Zebra Smart Media, Green Zebra Smart Data,
Green Zebra Smart Labs, and Green Zebra Smart Networks, which includes GZ6G’s managed service provider branch. GZ6G’s Hybrid
MSP services include advisory services, remote workforce support, environmentally responsible network design, and cloud, hybrid, and
on-prem network solutions. At Green Zebra, we are committed to delivering reliable security solutions in the face of the growing cyber
threat landscape.
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”
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:
Insight
Acquisition Corp.
Cody
Slach
Gateway
Group
+1(949) 574-3860
INAQ@gateway-grp.com
Alpha
Modus
Shannon
Devine
MZ
Group
+1(203)
741-8841
shannon.devine@mzgroup.us
3
Insight Acquisition (NASDAQ:INAQU)
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Insight Acquisition (NASDAQ:INAQU)
過去 株価チャート
から 5 2023 まで 5 2024