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CORNELIUS, N.C. and NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Alpha Modus Holdings, Inc. ("Alpha Modus" or the “Company”), a technology company with a core focus on artificial intelligence in retail, is pleased to announce that the business combination between Insight Acquisition Corp. and Alpha Modus Corp. has closed, and Alpha Modus’s common stock and warrants will begin trading on the Nasdaq Global Market under the ticker symbols “AMOD” and “AMODW”, respectively, on Monday, December 16, 2024. In connection with the closing of the business combination, the combined company consummated and issued a secured convertible promissory note to an investor, in exchange for net proceeds of approximately $2.6 million, which will be used primarily to cover transaction costs and for working capital. The structure of the financing does not include commitment or warrant shares and is structured with the potential for an additional $5 million capital infusion for working capital purposes in the future. Advisors Maxim Group LLC served as capital markets advisor to Alpha Modus. Brunson Chandler & Jones, PLLC acted as legal counsel to Alpha Modus. Loeb & Loeb LLP served as legal counsel to Insight Acquisition Corp. About Alpha Modus Alpha Modus engages in creating, developing and licensing data-driven technologies to enhance consumers' in-store digital experience at the point of decision. The company was founded in 2014 and is headquartered in Cornelius, North Carolina. For additional information, please visit alphamodus.com. About Insight Acquisition Corp. Prior to the closing, Insight Acquisition Corp. (NASDAQ: INAQ) was a special purpose acquisition company formed solely to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Insight Acquisition Corp. was sponsored by Insight Acquisition Sponsor LLC. For additional information, please visit insightacqcorp.com. Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Insight's and Alpha Modus' actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. These forward-looking statements include, without limitation, Insight's and Alpha Modus' expectations with respect to future performance and anticipated financial impacts of the Business Combination. Insight and Alpha Modus caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Insight and Alpha Modus do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions, or circumstances on which any such statement is based. Contacts: Alpha Modus Shannon Devine MZ Group +1(203) 741-8841 shannon.devine@mzgroup.usA HOLLYWOOD child actor that shot to fame in the 1990s, now looks completely different since he quit acting 24 years ago. Actor Justin Pierre Edmund shot to fame when he first appeared in 1996 film The Preacher's Wife. In the film he played Jeremiah Biggs, which follows the storyline of an angel coming to Earth to help a preacher and his family whilst saving his church. He starred alongside huge names including Courtney B. Vance, Denzel Washington and Whitney Houston , but even with working with huge names it appears acting wasn't right for Justin. The actor quit Hollywood and the film industry just four years later after appearing in four more films. As a child actor he appeared in 'Went to Coney Island On A Mission From God', 'Loving Jezebel', 'Music of the Heart' and 'Once In The Life'. He also appeared in an episode of TV series Law and Order, where he played Andrew Howard in 2000. Now he looks totally different to the cute child star we might have seen him as, and his career has gone in a different direction. The star has now instead embraced a career in social media and marketing. In 2011, he graduated from Carnegie Mellon University with a Bachelor's degree in communication design. Most read in Celebrity From there he went to intern at Facebook before switching to another social media platform as he joined Pinterest to become the company's first designer. He's now believed to work at Slack. The actor has largely stayed out of the spotlight since deciding not to pursue a career in acting.2024 is set to end as the hottest year on record and the first with a global average temperature 1.5 degrees Celsius above pre-industrial levels. It was all the year when developed nations had their last big chance to prevent the world from permanently crossing this critical threshold by funding climate action in the Global South — and they blew it. Relentless warming fueled record-breaking heatwaves, deadly storms, and floods that devastated lives and homes by the thousands in 2024. Millions were displaced, and all eyes turned to the UN climate conference in Baku, Azerbaijan, hoping for a climate finance package capable of ramping up action in the Global South. A study published in 2023 estimated that developed countries owe around USD 170 trillion for their excessive emissions, having consumed 70-90 per cent of the total carbon budget since the industrial era. Instead, developed countries — mandated under the UN climate regime to finance climate action in developing countries — offered a paltry USD 300 billion by 2035, a mere fraction of the trillions needed annually from 2025. India called the new climate finance package "too little, too distant", and "an optical illusion". Developing countries faced a difficult choice: return to negotiations next year or accept the weak deal on the table. Fearing an even worse outcome in 2025 with the return of "climate denier" Donald Trump and a US exit from the Paris Agreement, the Global South reluctantly accepted the offer. "Developing countries felt cornered into accepting a weak deal," a former Indian negotiator told PTI. While politics will remains fragmented, science continues to remind the world that it's an emergency. In 2015, countries came together to limit global warming to "well below 2 degrees Celsius", aiming for 1.5 degrees Celsius. Fast forward, the world has already heated up by 1.3 degrees Celsius since the pre-industrial era, largely due to burning fossil fuels. To limit warming to 1.5 degrees Celsius, the UN's climate science body, IPCC, says emissions must peak by 2025 and drop 43 per cent by 2030 and 57 per cent by 2035. Yet, current policies point to a hotter future — around 3 degrees Celsius warming by 2100. Even if every country fulfils its climate promises or Nationally Determined Contributions (NDCs), emissions would only shrink by a weak 5.9 per cent by 2030, far below what's needed. Developed nations, the biggest historical polluters, are pushing developing countries to do more to meet the Paris Agreement goals. Yet, these same nations often fall short of what is required to keep warming below 1.5 degrees Celsius. On the other hand, developing countries argue their emissions are far smaller, and they are already grappling with poverty and growing climate disasters. They insist they need financial and technological help to transition to clean energy without compromising their development. And the COP29 outcomes did little to inspire developing nations to raise their climate ambitions for the 2030-35 period. Fossil fuels are the main culprit, accounting for over 75 per cent of global GHG emissions, but ditching them for renewable energy is easier said than done, especially for poor countries in the Global South. They depend on them for jobs and cheap energy, and lack funding, technology, infrastructure and expertise to make a swift transition. Even renewable energy isn't quite there yet. The most tried-and-true option — silicon-based solar panels — tops out at 26 per cent efficiency and lasts just 20-25 years. Meanwhile, other options like sucking carbon dioxide straight out of the air remain more sci-fi than reality. While the world will take some time to fully switch to renewables and find new solutions, one thing is clear: developed countries need to consume less. The math is simple — cutting their excess gives Global South countries the breathing room to grow sustainably. Take the US, for example. CNBC says the average American splurges USD 5,400 annually on impulse buys, more than double India's per capita income of USD 2,500. With per capita emissions less than half of global average, India launched Mission LiFE to encourage mindful consumption. Maybe it's time the big spenders took notes.
Former US President Jimmy Carter dies at 100, Atlanta Journal-Constitution reports
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UConn, Tar Heels will meet in 3rd annual Wasabi Fenway BowlEmerging Screenwriters Land Major Studio Deals Through Call Sheet Media
Riding a 3-game win streak, the Bengals cling to playoff hopes with the Broncos nextThe UConn Huskies are headed to the Wasabi Fenway Bowl after they made the postseason for the second time in three years. They’ll play the North Carolina Tar Heels on Dec. 28 at Fenway Park at 11 a.m. “We’re excited to represent UConn at this year’s Wasabi Fenway Bowl, and to have the opportunity to compete at such an iconic venue against a quality opponent like North Carolina,” coach Jim Mora said in a statement. “The chance to play in Boston will give our players, Marching Band, Cheer Squad, students, fans and all of UConn Nation the chance to share in an unforgettable experience close to home. We are excited to take the field at Fenway Park, where the rich history and electric atmosphere provide a perfect stage for us to close out our season” UConn went 8-4 this season — the most wins since 2010. It also marked the Huskies’ first winning season since 2010. They last played at Fenway Park in 2017 against Boston College. UNC, meanwhile, finished its season 6-6 and fired coach Mack Brown. Former New England Patriots coach Bill Belichick reportedly interviewed for the open job, though sources told MassLive’s Karen Guregian that the interest from Belichick and UNC “may only be cosmetic at this point.” RECOMMENDED • masslive .com Boston Councilor Tania Fernandes Anderson arrested: Read the indictment Dec. 6, 2024, 12:41 p.m. MLB Notebook: As Craig Breslow prepares for winter meetings, lots on his plate Dec. 6, 2024, 9:06 a.m. “We are incredibly excited to compete in this year’s Wasabi Fenway Bowl and to bring Tar Heel Football to one of the most legendary venues in sports,” interim coach Freddie Kitchens said in a statement. “Fenway Park offers a truly unique and historic setting, and this game is a tremendous opportunity to celebrate the hard work of our student-athletes while creating unforgettable memories for our fans, families, and alumni. We’re grateful to be part of this special event and look forward to embracing the incredible atmosphere of postseason football at Fenway Park.” The game will air on ESPN and can be streamed on ESPN+.Wall Street stocks finished a lackluster week on a muted note Friday as concerns about rising Treasury bond yields competed with enthusiasm over artificial intelligence equities. Of the major indices, only the Nasdaq mustered a gain in Friday's session. The tech-rich index was also the only of the three leading US benchmarks to conclude the week higher. "Equities are kind of treading water," said LBBW's Karl Haeling. "A negative influence to some extent is the rise in bond yields." The latest US consumer price index data released this week showed prices ticked higher in November and the wholesale data also showed stubborn inflationary pressures. "Yields rose to their highest levels in over two weeks as markets brace for the Federal Reserve's final meeting of the year, reflecting concerns over sticky inflation," said Chris Beauchamp, chief market analyst at online trading platform IG. There is also growing concern over the inflationary pressures from President-elect Donald Trump's pledges to cut taxes and impose tariffs, as inflation still stands above the Fed's target. "While the markets still anticipate a rate cut from the Federal Reserve next week, the likelihood of a move in January has dropped," said Patrick Munnelly, partner at broker Tickmill Group. The CME FedWatch tool shows the market sees a more than 75 percent chance that the Fed will hold rates steady in January. In Europe, the Paris CAC 40 index ended the day down 0.2 percent after French President Emmanuel Macron named his centrist ally Francois Bayrou as prime minister, ending days of deadlock over finding a replacement for Michel Barnier. Frankfurt also dipped, with Germany's central bank sharply downgrading its growth forecasts on Friday for 2025 and 2026. It predicted a prolonged period of weakness for Europe's biggest economy. London stocks were also lower after official data showed that the UK economy unexpectedly shrank for the second consecutive month in October. The euro recovered after flirting with two-year lows against the dollar following a warning Thursday by ECB president Christine Lagarde that the eurozone economy was "losing momentum", cautioning that "the risk of greater friction in global trade could weigh on euro area growth". In Asia, Hong Kong and Shanghai both tumbled as investors were unimpressed with Beijing's pledge to introduce measures aimed at "lifting consumption vigorously" as part of a drive to reignite growth in the world's number two economy. President Xi Jinping and other key leaders said at the annual Central Economic Work Conference they would implement a "moderately loose" monetary policy, increase social financing and reducing interest rates "at the right time". The gathering came after Beijing in September began unveiling a raft of policies to reverse a growth slump that has gripped the economy for almost two years. "We're still not convinced that policy support will prevent the economy from slowing further next year", said Julian Evans-Pritchard, head of China economics at research group Capital Economics. Among individual equities, chip company Broadcom surged nearly 25 percent after reporting a 51 percent jump in quarterly revenues to $14.1 billion behind massive growth in AI-linked business. New York - Dow: DOWN 0.2 percent at 43,828.06 (close) New York - S&P 500: FLAT at 6,051.09 (close) New York - Nasdaq Composite: UP 0.1 percent at 19,926.72 (close) London - FTSE 100: DOWN 0.1 percent at 8,300.33 (close) Paris - CAC 40: DOWN 0.2 percent at 7,409.57 (close) Frankfurt - DAX: DOWN 0.1 percent at 20,405.92 (close) Tokyo - Nikkei 225: DOWN 1.0 percent at 39,470.44 (close) Hong Kong - Hang Seng Index: DOWN 2.1 percent at 19,971.24 (close) Shanghai - Composite: DOWN 2.0 percent at 3,391.88 (close) Euro/dollar: UP at $1.0504 from $1.0467 on Thursday Pound/dollar: DOWN at $1.2622 from $1.2673 Dollar/yen: UP at 153.60 yen from 152.63 yen Euro/pound: UP at 83.19 pence from 82.59 pence Brent North Sea Crude: UP 1.5 percent at $74.49 per barrel West Texas Intermediate: UP 1.8 percent at $71.29 per barrel burs-jmb/stPause the gym, cut down on booze and make your bosses pay: surviving silly season on a shoestring