11/26/2024 | Press release | Distributed by Public on 11/26/2024 11:46
Item 8.01. Other Events.
As previously disclosed, effective as of October 13, 2023, Insight Acquisition Corp. (the "Company"), IAC Merger Sub Inc., a Florida corporation ("Merger Sub") and Alpha Modus, Corp., a Florida corporation ("Alpha Modus"), entered into a business combination agreement and plan of merger (the "AM BCA") pursuant to which Merger Sub will merge with and into Alpha Modus with Alpha Modus as the surviving corporation and becoming a wholly owned subsidiary of the Company. The board of directors of the Company has unanimously approved and declared advisable the AM BCA, the merger and the other transactions contemplated thereby (the "Business Combination"). In connection with the Business Combination the Company will change its name to Alpha Modus Holdings, Inc.
In its definitive proxy statement filed with the SEC on September 18, 2024 (the "Proxy Statement"), the Company disclosed that the Board of Directors of the post Business Combination Company will consist of the following members:
William Alessi - Chairman
Greg Richter
William Ullman
Michael Garel
Scott Wattenberg
The Proxy Statement further disclosed the composition of the post Business Combination Company's committees, as follows:
Audit Committee
William Ullman
Greg Richter
Scott Wattenberg - Chairman
Compensation Committee
Greg Richter - Chairman
Michael Garel
Scott Wattenberg
Nominating and Corporate Governance Committee
William Ullman
Michael Garel
Greg Richter - Chairman