Alpha Modus Holdings Inc. has announced a significant conversion of preferred shares as part of a strategic financial maneuver. On May 27, 2025, the company entered into an exchange agreement with four family trusts associated with CEO William Alessi. Under this agreement, a total of 3,200,000 shares of Series C Preferred Stock, held across four trusts, will be exchanged for 26,079,868 shares of Class A common stock. Each trust will receive 6,519,967 shares of common stock. The trusts have agreed not to sell or transfer these newly acquired shares until June 13, 2026, except for certain permitted transfers. This move is seen as a step towards simplifying the company's capital structure and potentially enhancing shareholder value.
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