
CORNELIUS, N.C. and NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Alpha Modus Holdings, Inc. ("Alpha Modus" or the “Company”), a technology company with a core focus on artificial intelligence in retail, is pleased to announce that the business combination between Insight Acquisition Corp. and Alpha Modus Corp. has closed, and Alpha Modus’s common stock and warrants will begin trading on the Nasdaq Global Market under the ticker symbols “AMOD” and “AMODW”, respectively, on Monday, December 16, 2024. In connection with the closing of the business combination, the combined company consummated and issued a secured convertible promissory note to an investor, in exchange for net proceeds of approximately $2.6 million, which will be used primarily to cover transaction costs and for working capital. The structure of the financing does not include commitment or warrant shares and is structured with the potential for an additional $5 million capital infusion for working capital purposes in the future. Advisors Maxim Group LLC served as capital markets advisor to Alpha Modus. Brunson Chandler & Jones, PLLC acted as legal counsel to Alpha Modus. Loeb & Loeb LLP served as legal counsel to Insight Acquisition Corp. 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 . About Insight Acquisition Corp. Prior to the closing, Insight Acquisition Corp. (NASDAQ: INAQ) was 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. was sponsored by Insight Acquisition Sponsor LLC. For additional information, please visit insightacqcorp.com . 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 Business Combination. 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 Devine MZ Group +1(203) 741-8841 shannon.devine@mzgroup.usJaland Lowe flirted with a triple-double as Pitt improved to 6-0 with a 74-63 win over LSU on Friday afternoon at the Greenbrier Tip-Off in White Sulphur Springs, W.Va. Lowe finished with a game-high 22 points to go along with eight rebounds and six assists for the Panthers, who have won their first six games of a season for the first time since the 2018-19 campaign. It would have been the second straight triple-double for Lowe, who had 11 points, 10 rebounds and 10 assists against VMI Monday. Ishmael Leggett chipped in 21 points and Cameron Corhen supplied 14, helping Pitt outshoot the Tigers (4-1) 44.4 percent to 37.3 percent overall. Vyctorius Miller and Jalen Reed recorded 14 points apiece for LSU, with Reed also snatching seven boards. Cam Carter contributed 11 points. Pitt took control in the first four-plus minutes of the second half, opening the period on a 13-0 run to build a 40-28 lead. The Tigers were held scoreless following the break until Carter converted a layup with 13:13 to go. It was still a 12-point game after Zack Austin hit a pair of free throws with 12:50 remaining, but LSU then rallied. Corey Chest, Reed and Jordan Sears each had a bucket down low for the Tigers during an 8-1 spurt that made it 43-38. However, Lowe stemmed the tide, answering with back-to-back 3-pointers to put the Panthers up 49-38 with 9:31 left. Miller did everything he could to keep LSU in contention, scoring eight points in a span of 1 minute, 23 seconds, with his four-point play getting the Tigers within 56-52 with 6:03 to play. But Pitt never let LSU get the upper hand, and it led by at least six for the final 5:05 of the contest. The Tigers had a 28-27 edge at intermission after ending the first half on an 8-2 run. LSU overcame a quick start by the Panthers, who raced out to a 12-6 advantage and led by as many as eight in the first 20 minutes of action. --Field Level Media
Improved Amenities:Wright shot 7 for 16 (4 for 8 from 3-point range) and 8 of 8 from the free-throw line for the Beacons (5-4). Tyler Schmidt scored 21 points and added six rebounds. Jefferson Monegro had 16 points and shot 3 for 5 (2 for 3 from 3-point range) and 8 of 8 from the free-throw line. The Chippewas (5-4) were led in scoring by Anthony Pritchard, who finished with 20 points and six rebounds. Ugnius Jarusevicius added 18 points and six rebounds for Central Michigan. Jakobi Heady had 13 points, six rebounds and three steals. Valparaiso led Central Michigan 36-31 at the half, with Wright (13 points) its high scorer before the break. Valparaiso took the lead for what would be the final time on Schmidt's 3-pointer with 10:13 remaining in the second half. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Cao Cao, a prominent figure in Chinese history known for his military prowess and strategic acumen during the Three Kingdoms period, is often depicted as a cunning and ambitious leader. In the fictionalized retellings of his life, he is sometimes portrayed as employing advanced technologies far beyond his time, such as the recent depiction of him brandishing a futuristic AI-modified Gatling gun on the battlefield. This imaginative reinterpretation of historical events has intrigued many, but it has also raised concerns about the ethical and legal implications of such a portrayal.TORONTO - The co-founders of two of Canada’s top artificial intelligence firms say companies in the country are buzzing with excitement around the technology but turning that enthusiasm into products and tools takes too long. Cohere co-founder Nick Frosst says he has grown used to being approached by Canadian firms wanting to work with AI but they’re slow to actually implement the technology. Frosst says it is hard to pinpoint where that lack of urgency comes from but he thinks part of it is embedded in Canada’s culture. Nicole Janssen, the co-founder of AltaML, has had a similar experience. She says it takes 18 months for companies reaching out to her business to commit to using AI and then another 18 months to start doing something with it. She says the danger in this long lead time is that people get tired of devoting energy and resources to projects that are not immediately giving them a return on their investment and then this work falls to the wayside. This report by The Canadian Press was first published Nov. 26, 2024.