Alpha Modus (AMOD) said Monday that its subsidiary Alpha Modus Corp. has reached a confidential settlement with Kroger (KR) in a patent litigation lawsuit.

The lawsuit, originally filed in US federal court, alleges that Kroger infringed on Alpha Modus's patents for intelligent retail display systems, the company said.

As a result of the settlement, the litigation between Alpha Modus and Kroger has been dismissed with prejudice, the company said.

Shares of Alpha Modus were down more than 4% while Kroger shares were up 0.2% in recent premarket activity.