EconomyZero-revenue public company copied Michael Saylor with a Bitcoin deal — and its stock crashed 25%
Alpha Modus agreed to issue more than 10 times its existing share count and warrants to 10 non-US investors in exchange for 3,170 Bitcoin. Shares fell 25% after the announcement. The unsigned transaction is intended to strengthen equity and help preserve the Nasdaq listing, but would heavily dilute shareholders; the company has no revenue and faces substantial going-concern doubt.
Zero-revenue public company copied Michael Saylor with a Bitcoin deal — and its stock crashed 25%
Economy