AMOD

Alpha Cash Comes Home: North Carolina Approval Takes Seven-State Footprint Past 3 Million Unbanked Households

Alpha Modus expands Alpha Cash in NC, eyes broader state rollout

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    <h3>Information</h3>
    <p>&lt;link type=&quot;text/css&quot; rel=&quot;stylesheet&quot; href=&quot;https://www.globenewswire.com/styles/gnw_nitf.css&quot;&gt;&lt;/li...</p>
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    <h3>AI Summary</h3>
    <p>Alpha Modus announced that Alpha Modus Financial Services received a non-objection to operate as an authorized delegate for Barri Money Services in North Carolina, enabling Alpha Cash check deposits and remittance. This milestone expands Alpha Cash’s regulatory footprint to seven states, covering more than 17 million households and addressing unbanked/underbanked needs, with continued state authorizations anticipated. The catalyst could translate to near-term revenue and TAM expansion for AMOD if additional approvals follow.</p>
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    <h3>Key Points</h3>
    <ul><li>North Carolina approves Alpha Cash as Barri delegate under Money Transmitters Act.</li><li>Approval enables Alpha Cash check deposits and remittance via kiosks and app in NC.</li><li>Alpha Modus’ Alpha Cash footprint expands to seven states, 17M households.</li><li>NC unbanked/underbanked households total ~770k; NC households &gt;4.1M.</li><li>Company plans further state authorizations to broaden Alpha Cash reach.</li></ul>
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    <h3>Companies Mentioned</h3>
    <ul><li><strong>Alpha Modus Holdings, Inc. (AMOD)</strong>: Primary beneficiary; regulatory win for Alpha Cash expands TAM and potential monetization.</li><li><strong>Alpha Cash (N/A)</strong>: Private subsidiary authorized to provide check deposits/remittance in NC; growth driver for AMOD.</li><li><strong>Barri Money Services, LLC (N/A)</strong>: Authorized delegate enabling Alpha Cash operations in NC; regulatory linkage to AMOD.</li><li><strong>North Carolina Commissioner of Banks (N/A)</strong>: Issuer of the non-objection clearance enabling Alpha Cash in NC.</li></ul>
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    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The piece centers on regulatory milestones and expansion of Alpha Modus&#039; service footprint via Alpha Cash, reflecting a strategic growth driver rather than quarterly financials.</p>
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    <ul><li>NC non-objection expands Alpha Cash footprint, accelerating multi-state expansion.</li><li>Seven-state footprint covers about 17 million households, including ~3 million unbanked/underbanked.</li><li>Further state authorizations are anticipated, potentially lifting TAM and monetization pace.</li></ul>
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    <h3>Key Facts</h3>
    <ul><li>Date of release: June 23, 2026.</li><li>Alpha Cash authorized as Barri Money Services delegate in North Carolina.</li><li>Alpha Cash footprint: 17 million households across seven states; ~3 million unbanked/underbanked.</li><li>North Carolina households: &gt;4.1 million; unbanked/underbanked NC households: ~770,000 (FDIC 2023).</li><li>Other prior approvals: Kentucky, Pennsylvania, Michigan, New Mexico, Vermont, Nebraska (previously announced).</li><li>North Carolina non-objection extends Alpha Cash to seven states in under two weeks.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish near-term on AMOD as Alpha Cash gains NC clearance; potential quick follow-on state approvals.</p>
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    <h2>Alpha Cash Comes Home: North Carolina Approval Takes Seven-State Footprint Past 3 Million Unbanked Households</h2>
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    <p><strong>Alpha Modus Holdings, Inc.</strong> (NASDAQ: AMOD) announced today that Alpha Modus Financial Services, LLC has received a non-objection response to operate as an authorized delegate of Barri Money Services, LLC in the State of North Carolina under the North Carolina Money Transmitters Act, N.C.G.S. §§53-208.41 et seq. The clearance, issued through the North Carolina Commissioner of Banks, authorizes <em>Alpha Cash</em> check deposit and remittance services for North Carolina residents across both physical kiosk locations and the Alpha Cash mobile application.</p>
    <p>North Carolina is home to <strong>more than 4.1 million households</strong>. Applying national rates from the <em>FDIC’s 2023 Household Survey</em>, an <strong>estimated 770,000</strong> North Carolina households are either unbanked or rely on nonbank financial services to meet core financial needs. For those residents, depositing a paycheck or accessing basic money transfer services has historically required a fee-based intermediary or a trip to a location with limited hours.</p>
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    <h3>Executive Perspective and Service Expansion</h3>
    <p>William Alessi, Chief Executive Officer of Alpha Modus, stated, "We built this company in North Carolina, so this approval carries a different kind of weight for our team. There are working families across this state paying fees every payday to access money they’ve already earned. Alpha Cash was designed for exactly that situation, and now we can serve those communities at home."</p>
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    <h3>Regulatory Footprint and North Carolina Launch Details</h3>
    <p>Through the authorized delegate structure with Barri Money Services, LLC, Alpha Cash can now offer North Carolina residents check deposit and international money remittance services at physical kiosk locations and through the Alpha Cash mobile application. Alpha Cash is available for download on the App Store and Google Play Store.</p>
    <p>North Carolina’s non-objection response extends Alpha Cash’s regulatory footprint for check deposit to <strong>seven states</strong> in under <strong>two weeks</strong>. Combined with favorable regulatory feedback and non-objections in Kentucky, Pennsylvania, Michigan, New Mexico, Vermont, and Nebraska, as <em>previously announced</em>, the platform is now accessible to <strong>more than 17 million households</strong> across <strong>seven states</strong>, including an <strong>estimated three million</strong> that are unbanked or underbanked. The Company intends to continue filing for authorization in additional states, with each determination widening the addressable footprint for Alpha Cash’s check deposit and broader financial services.</p>
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    <h3>About Alpha Modus Holdings, Inc.</h3>
    <p>Alpha Modus Holdings, Inc. ("Alpha Modus" or the "Company") (NASDAQ: AMOD) is a vertical AI company focused on real-time, in-store shopper engagement and attribution. Its patented "closed-loop" retail AI framework, Sense → Decide → Deliver → Attribute, enables brands and retailers to measure the full impact of digital content, physical interactions, and transaction outcomes. Through subsidiaries like Alpha Modus Financial Services, the company is actively deploying technologies that merge artificial intelligence, retail media, and financial access across the physical retail landscape.</p>
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  <section>
    <h3>Forward-Looking Statements</h3>
    <p>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. Alpha Modus's 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, Alpha Modus's expectations with respect to future performance.</p>
    <p>Alpha Modus cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Alpha Modus does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.</p>
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    <h3>Investor Relations and Contact Information</h3>
    <p>Investor Relations</p>
    <p>Alpha Modus Holdings, Inc.</p>
    <p>Email: ir@alphamodus.com</p>
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Alpha Modus announced that Alpha Modus Financial Services received a non-objection to operate as an authorized delegate for Barri Money Services in North Carolina, enabling Alpha Cash check deposits and remittance. This milestone expands Alpha Cash’s regulatory footprint to seven states, covering more than 17 million households and addressing unbanked/underbanked needs, with continued state authorizations anticipated. The catalyst could translate to near-term revenue and TAM expansion for AMOD if additional approvals follow.

Alpha Cash Comes Home: North Carolina Approval Takes Seven-State Footprint Past 3 Million Unbanked Households

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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