AI Enhanced Retail Marketing Company has Aggressive Growth Plan with Patent Enforcement Action, Acquisition and New Business Partner: Alpha Modus, Corp. (Nasdaq: AMOD)

For more information on $AMOD visit: alphamodus.com 

Patent Infringement Lawsuit Filed Against Wakefern Food Corporation and Shelf Nine LLC Operating 365 Supermarkets Under ShopRite, Price Rite and More.
Infringed Patents Encompass Retail Marketing and Advertising Data-Driven Technologies to Enhance Consumer In-Store Experience at Point of Decision.
Business Combination Completed with Insight Acquisition Corp. Receipt of $2.6 Million Payment and Potential for an Additional $5 Million in the Future.
CashXAI Collaboration Under Strategic Partnership for Revenue Stream to Alpha Modus and Increase of Opportunity to Grow Market Share.
CashXAI Partnership Expedites Broad Network Financial Kiosks and Wallet App with Alpha Modus Patents on AI Retail Marketing Tech at Point of Sale.

Alpha Modus Corp. (Nasdaq: AMOD) is a technology company with a core focus on artificial intelligence (AI) in retail business. AMOD covers a variety of inventory management and advertising features, including the presentation and display of relevant and targeted advertising that is based on customer shopping habits, foot traffic, or other criteria. AMOD engages in creating, developing and licensing data-driven technologies to enhance consumers’ in-store digital experience at the point of decision.

Alpha Modus Files Patent Infringement Lawsuit Against Wakefern Food Corporation and Shelf Nine LLC

On December 19^th Alpha Modus Holdings or AMOD, announced it has filed a patent infringement lawsuit against Wakefern Food Corporation, which has 48 member companies that own and operate 365 supermarkets, under the ShopRite, Price Rite Marketplace, The Fresh Grocer, Dearborn Market, Gourmet Garage, and Fairway Market brands in New Jersey, New York, Connecticut, Pennsylvania, Maryland, Delaware, Massachusetts, New Hampshire and Rhode Island, and  Shelf Nine LLC (subsidiary of VSBLTY Groupe Technologies Corp.) which purports to be a leader in retail media networks, providing brands and retailers specifically targeted digital media advertising and other customer communications content delivered at the point of purchase.

The AMOD lawsuit was filed alleging infringement of several Alpha Modus patents pertaining to the Company’s ‘571 patent portfolio, ‘825 patent portfolio, ‘672 patent portfolio, ‘890 patent portfolio and ‘880 patent portfolio, which encompass retail marketing and advertising data-driven technologies to enhance consumers’ in-store experience at the point of decision. The Company’s portfolio of patents includes the capability to analyze consumer behavior and product interaction in real-time, allowing businesses to dynamically adjust their marketing strategies to meet the immediate needs of consumers at pivotal purchasing decision moments. The complaint was filed on December 17, 2024, in the United States District Court for the Eastern District of Texas.

In accordance with Alpha Modus’ prior patent infringement actions against The Kroher Co. and Brookshire Grocery, AMOD has continued its engagement with Christopher E. Hanba of Dickinson Wright PLLC, a leading global law firm, for his legal expertise, technical industry knowledge, and deep experience with enforcing intellectual property rights.

Alpha Modus and Insight Acquisition Corp Close Business Combination

On December 13^th AMOD announced that the business combination between Insight Acquisition Corp. and Alpha Modus Corp. has closed, and Alpha Modus’s common stock and warrants would begin trading on the Nasdaq Global Market under the ticker symbols “AMOD” and “AMODW”, respectively, as of December 16, 2024.

Prior to the closing, Insight Acquisition Corp. 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 on Insight Acquisition Corp visit insightacqcorp.com.

In connection with the closing of the business combination, the combined AMOD 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.

Alpha Modus and CashXAI Inc. Strengthen Collaboration from Licensing Agreement to Strategic Partnership

On December 2^nd Alpha Modus Corp. or AMOD, and CashXAI Inc. (“CashX”), a leader in financial innovation offering a dynamic platform for individuals lacking traditional banking access, announced a definitive agreement to enter a strategic partnership to grow the market share of CashX kiosks and wallet app infused with AI technology targeting retail consumer marketing.

The partnership terms outline AMOD and CashX will engage in joint marketing efforts to launch the kiosk solution in agreed target markets to create any necessary agreements and licenses to enable retailers and consumers to utilize the solution.

Recently, CashX announced a deal with OPMX, distributors of high-quality pharmaceutical products and brands to the Hispanic market, to deploy CashX’s kiosks into approximately 500 supermarkets in California, Colorado and Texas. Further expansion to all states and additional key countries in Latin America, as well as Mexico is expected to begin in early 2025. The total network is expected to cover 5 countries and over 15,000 retail locations. The next phase of the rollout will launch CashX’s next generation of kiosks with Alpha Modus’ patent portfolio of AI integrated retail marketing strategies for consumers at point of sale, which is empowering the future interplay of business, consumers and retail advertising.

In addition to physical kiosk access, AMOD may have the benefit of the CashX Mobile Wallet Application, which enables consumers digital access to all their financial needs without an evaluation of financial history. This mobile solution consists of services including check cashing, money transfer, mobile recharge, bill payment, gift cards, e-tickets and other high demand financial transactions.

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