Alpha Cash Clears Two States in One Week: Kentucky and Pennsylvania Approved for Check Deposit

About this update from Alpha Modus Holdings, Inc.

Alpha Cash proves compliance model. Regulatory clearance in Kentucky and Pennsylvania unlocks check deposit access for an estimated 1.3 million unbanked and underbanked households across both states CORNELIUS, N.C., June 09, 2026 (GLOBE NEWSWIRE) -- Alpha Modus Holdings, Inc. ("Alpha Modus") (NASDAQ: AMOD) today announced regulatory clearance for Alpha Cash to enable check deposit in both Kentucky and Pennsylvania, advancing the state-by-state rollout of the company’s mobile financial services platform. The back-to-back clearances mark a significant acceleration in the compliance buildout and expand Alpha Cash’s addressable footprint to consumers across two states who have historically had limited access to check cashing services. Kentucky’s clearance was issued under the authorized delegate framework administered through the Nationwide Multistate Licensing System (NMLS), confirming that Alpha Modus Financial Services, LLC may conduct check deposits in the Commonwealth through its partner relationship with Barri Money Services, LLC. Pennsylvania’s clearance followed the same structure, with the PA Department of Banking and Securities confirming compliance. “Getting check deposit right is harder than people realize,” said Chris Chumas, Chief Strategy Officer of Alpha Modus Holdings, Inc. “The licensing requirements, the banking partnerships, the compliance infrastructure across state lines: it’s a high bar to clear. Kentucky’s and Pennsylvania’s regulatory clearances confirm that we’ve built a model that works and can be replicated. For consumers in these states who’ve had limited options to deposit a check without a traditional bank account, this is a real change.” Alpha Cash is currently live in the Apple App Store and Google Play with functionalities including: In-person cash loadingFree Peer to Peer transfersReloadable prepaid debit card accessGift card purchasesTicket and event purchasesMobile Top-UpCheck Deposit (state-by-state) The company intends to continue filing for authorization in additional states, with each clearance expanding the addressable footprint for check deposit functionality. Together, Kentucky and Pennsylvania represent a combined market of more than 19 million people across approximately 7.2 million households. Applying FDIC 2023 national benchmarks, an estimated 302,000 households across both states are unbanked and an additional...

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