Bitcoin Boost Gives Alpha Modus (AMOD) Stock 61% Spike After Hours: What You Should Know

Alpha Modus Holdings Inc. (NASDAQ:AMOD) shares jumped 60.68% to $1.88 in after-hours trading on Thursday after the company said it closed a bitcoin-funded private placement and regained Nasdaq listing compliance.

According to a Securities and Exchange Commission filing, the North Carolina-based vertical artificial intelligence and intellectual property company closed its private investment in public equity (PIPE) transaction on Thursday.

Bitcoin Deal Brings Balance Sheet Boost

Non-U.S. investors delivered 3,170 Bitcoin (CRYPTO: BTC) to AMOD Tech Pte. Ltd., a newly formed, wholly owned Singapore subsidiary. The filing valued the holding at more than $250 million, based on a reference price of about $83,612.20 per coin on Thursday.

In return, Alpha Modus issued 51.62 million Class A shares. Investors also received warrants, which let holders buy stock at a fixed price, to purchase an additional 51.62 million shares at $4.36 each.

Nasdaq Delisting Threat Eases

The deal also helps resolve a listing problem. Nasdaq notified Alpha Modus on April 6 that it no longer met its minimum net income, market value of listed securities or stockholders’ equity requirements.

The company submitted a plan and received an extension to regain compliance. According to the filing, the bitcoin transaction now puts its stockholders’ equity “well in excess of $200 million.”