Alpha Modus Completes Previously Announced Conversion of Series C Preferred Stock, Further Simplifying Capital Structure and Aligning Shareholder Interests

About this update from Alpha Modus Holdings, Inc.

Conversion of approximately 90% of outstanding Series C Preferred Stock represents a significant milestone in the Company's plan to strengthen its balance sheet and regain compliance with Nasdaq listing standards. CHARLOTTE, N.C., June 08, 2026 (GLOBE NEWSWIRE) -- Alpha Modus Holdings, Inc. (“Alpha Modus”) (NASDAQ: AMOD) (“Alpha Modus” or the “Company”), a leader in AI-driven retail technology and financial services infrastructure, today announced the completion of the previously disclosed conversion of approximately 3.87 million shares of Series C Preferred Stock held by one of the Alessi family trusts into shares of the Company's common stock. The transaction, first announced by the Company in April 2026, represents the conversion of approximately 90% of the Company's outstanding Series C Preferred Stock and marks the successful execution of a key component of Alpha Modus' broader capital structure transformation strategy. The conversion materially simplifies the Company's capital structure by eliminating the vast majority of its remaining legacy preferred equity, reducing mezzanine equity on the balance sheet, and supporting the Company's plan to regain compliance with Nasdaq listing standards. "Earlier this year, we announced a plan to simplify our capital structure, strengthen our balance sheet and support our path to Nasdaq compliance. Today, we are executing that plan," said William Alessi, Chief Executive Officer of Alpha Modus. Mr. Alessi continued, "This is not a financing event. It is the conversion of legacy preferred securities into common equity, placing the overwhelming majority of insider ownership alongside our shareholders in a single class of stock." The Company believes the conversion strengthens its financial profile, further aligns one of its largest shareholder groups with common shareholders, and represents another meaningful step toward achieving its long-term strategic objectives. "This action reflects confidence in the future of Alpha Modus," Alessi continued. "The Alessi family trusts have elected to transition their ownership into common equity because we believe in the long-term opportunity before us. Our success will be measured by the same outcomes that matter to every common shareholder." The Company continues to execute on multiple strategic initiatives, including the expansion of Alpha Cash, advancement of its intel...

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