Alpha Modus agreed to issue 10.35 new shares for every existing Class A share in exchange for 3,170 BTC—and its stock fell 25%.

The catch: the deal hasn’t closed, the Bitcoin isn’t cash, and it won’t automatically solve the company’s near-term liquidity problem.

https://cryptoslate.com/a-zero-revenue-public-company-tried-to-copy-michael-saylor-to-avoid-delisting-but-its-stock-immediately-crashed-25/

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