Alpha Modus Corp entered into an agreement to acquire Insight Acquisition Corp. (NasdaqGM:INAQ) in a reverse merger transaction on October 13, 2023. Post closing, Alpha Modus shareholders would own approximately 70%, excluding the earn out, of the combined company.

The closing of the proposed business combination is subject to a number of conditions, including but not limited to approval of the transaction by Insight?s stockholders and Alpha Modus? stockholders, the U.S. Securities and Exchange Commission declaring Insight?s registration statement on Form S-4 effective and other customary closing conditions. The transaction is expected to close in the first quarter of 2024.

CHW Strategic Advisors acted as advisor to Alpha Modus on the transaction. Loeb & Loeb LLP acted as legal counsel to IAC. Brunson Chandler & Jones, PLLC acted as legal counsel to Alpha Modus.