Insight Acquisition Corp.
INAQ-WT
New York Stock Exchange0.01
USD
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Insight Acquisition Corp.
INAQ-WT
(New York Stock Exchange)
Recent
price
0.01
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ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Insight Acquisition Corp. (INAQ-WT) operates as the publicly traded warrants of a former special purpose acquisition company, or blank-check company, formed in 2021 to pursue mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses, primarily targeting FinTech and financial services firms with enterprise values of $750 million to $1.5 billion; Insight Acquisition Corp. offers no operational products or services beyond its SPAC structure, focusing instead on identifying and executing de-SPAC transactions. Headquartered in New York, NY, with operations managed from Cornelius, NC, the company conducted a $240 million initial public offering in September 2021, sponsored by Insight Acquisition LLC, and traded Class A ordinary shares and warrants under INAQ on Nasdaq. In its most significant development, Insight Acquisition Corp. completed a business combination with Alpha Modus Holdings, Inc., an artificial intelligence-driven retail technology provider, on December 13, 2024; the post-merger entity now operates as Alpha Modus Holdings, Inc., trading common stock under AMOD and warrants under AMODW on Nasdaq Global Market, with INAQ-WT representing the legacy warrants tied to the pre-combination structure. The transaction included a $2.6 million secured convertible note for working capital and transaction costs, plus potential additional $5 million funding, marking the wind-down of Insight Acquisition Corp. as a standalone SPAC without further independent products, services, or expansions.