Alpha Modus Holdings Inc. announced a significant conversion of preferred shares on August 14, 2025. The company entered into an exchange agreement with a family trust associated with CEO William Alessi. Under the agreement, the trust will exchange 4,300,000 shares of Series C Preferred Stock for 40,111,940 shares of Class A common stock. The exchange is structured to comply with securities regulations, and the trust has agreed not to sell or transfer the newly acquired common stock until June 13, 2026, with certain exceptions for transfers to affiliates. This move is part of Alpha Modus Holdings' ongoing efforts to optimize its capital structure.
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