Alpha Modus shares jump 198% after closing $250M bitcoin deal
- —The PIPE closed on September 30, 2026
- —51.6 million Class A shares and warrants for another 51.6 million at $4.36 were issued
- —Shareholders' equity exceeded $200 million after the deal
- —Nasdaq confirmed compliance with Rule 5550(b)(1) on October 1
Why it matters: Another public company is turning into a bitcoin treasury, but the 51.6 million-share dilution is the key risk for holders.
Source: Comparic
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