This is a dilutive capital raise by a company with a going-concern qualification and no disclosed revenue. The 11% discount and 11% dilution signal urgent cash needs. Monitor for further cash burn and potential need for additional financing. The large BTC warrant overhang (51.6M shares at $4.36) also looms.
Price Chart
Executive Summary
Alpha Modus Holdings is conducting a registered direct offering of 6,304,348 shares at $1.15/share, raising ~$6.65M net proceeds for debt payment and working capital. The offering is priced at an 11% discount to the $1.29 closing price on October 20, 2026, and adds 11% dilution to the pre-offering share count of 57,515,785. The company has a going-concern qualification from its auditors and recurring losses, making this capital raise critical for near-term survival.
Key Facts
- Offering 6,304,348 shares at $1.15/share, raising ~$6.65M net proceeds
- Offering price is an 11% discount to the $1.29 closing price on October 20, 2026
- Shares outstanding increase from 57,515,785 to 63,820,133 (11% dilution)
- Proceeds used for debt payment and working capital
- Auditors have a going-concern qualification for FY2025 and FY2024
- Placement agent warrants issued for 441,304 shares at $1.4375 exercise price
- Company recently closed a BTC PIPE financing issuing 51,621,560 shares and warrants for 3,170 bitcoin
- Company has accumulated deficit of $105.7M as of June 30, 2026
Financial Impact
~$6.65M net proceeds raised; 11% dilution to existing shareholders; offering at 11% discount to market
Risk Factors
- Going-concern qualification indicates substantial doubt about ability to continue operations
- 11% dilution from this offering plus massive potential dilution from 51.6M BTC warrants
- No disclosed revenue; company has recurring losses and negative cash flow
- Thinly traded stock with high volatility risk
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001493152-26-048084 |
| Document: 0001493152-26-048084-index-headers.html | 0001493152-26-048084 |
| Document: 0001493152-26-048084-index.html | 0001493152-26-048084 |
| Document: 0001493152-26-048084.txt | 0001493152-26-048084 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $0.9401 | awaiting T+5 | — | $1.02 (−9.03%) |
Oct 22, 2026 4d ago | 424B5 | $0.9866 | awaiting T+5 | — | $1.02 (−3.89%) |
Oct 21, 2026 5d ago | Press Release | $1.03 | awaiting T+5 | — | $1.02 (+0.49%) |
Oct 15, 2026 11d ago | 8-K | $1.62 $0.9866 | ▼ −39.10% | ▼ −38.08% | $1.02 (−36.73%) |
Oct 15, 2026 12d ago | Press Release | $1.62 $0.9870 | ▼ −39.07% | ▼ −38.06% | $1.02 (−36.73%) |
Oct 13, 2026 13d ago | S-3 | $1.39 $1.03 | ▲ +25.90% | ▲ +26.35% | $1.02 (+26.26%) |
Oct 13, 2026 13d ago | SC 13G/A | $1.39 $1.03 | ▲ +25.90% | ▲ +26.35% | $1.02 (+26.26%) |
Oct 5, 2026 21d ago | 8-K | $3.78 $1.95 | ▼ −48.41% | ▼ −48.83% | $1.02 (−72.88%) |
Oct 5, 2026 22d ago | 8-K | $3.78 $1.95 | ▼ −48.41% | ▼ −48.83% | $1.02 (−72.88%) |
Oct 2, 2026 25d ago | 8-K | $3.49 $2.19 | ▼ −37.25% | ▼ −38.41% | $1.02 (−70.63%) |
US Market Status
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