Item 3. Legal Proceedings
Item 3. Legal Proceedings.
From time to time, the Company
may be involved in litigation relating to claims arising out of commercial operations in the normal course of business. As of the date
of this report, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the Company’s
results of operations except as set forth below.
On January 16, 2024, Alpha
Modus filed a patent infringement lawsuit against The Kroger Company alleging patent infringement of several Alpha Modus patents pertaining
to the Company’s ‘571 patent portfolio encompassing retail marketing and advertising data-driven technologies to enhance consumer’s
in-store experience at the point of decision. The complaint was filed in the United States District Court for the Eastern District of
Texas (case no. 2:2024cv00022), and the case is currently in discovery.
On November 12, 2024, Alpha
Modus filed a patent infringement lawsuit against Brookshire Grocery Co. alleging infringement of several Alpha Modus patents pertaining
to its ‘571 patent portfolio, ‘825 patent portfolio, ‘672 patent portfolio, ‘890 patent portfolio and ‘880
patent portfolio, which encompass retail marketing and advertising data-driven technologies to enhance consumers’ in-store experience
at the point of decision. The complaint was filed in the United States District Court for the Eastern District of Texas (case no. 2:2024cv00919),
and the case is in its initial pleading stage.
On December 17, 2024, Alpha
Modus filed a patent infringement lawsuit against Wakefern Food Corporation and Shelf Nine LLC alleging infringement of several Alpha
Modus patents pertaining to its ‘571 patent portfolio, ‘825 patent portfolio, ‘672 patent portfolio, ‘890 patent
portfolio and ‘880 patent portfolio, which encompass retail marketing and advertising data-driven technologies to enhance consumers’
in-store experience at the point of decision. The complaint was filed in the United States District Court for the Eastern District of
Texas (case no. 2:2024cv01056), and the case has since been settled.
On February 3, 2025, Alpha
Modus filed a patent infringement lawsuit against Walgreen Co. alleging infringement of several Alpha Modus patents pertaining to its
‘571 patent portfolio, ‘825 patent portfolio, ‘672 patent portfolio, ‘890 patent portfolio and ‘880 patent
portfolio, which encompass retail marketing and advertising data-driven technologies to enhance consumers’ in-store experience at
the point of decision. The complaint was filed in the United States District Court for the Eastern District of Texas (case no. 2:2025cv00120),
and the case is in its initial pleading stage.
Item 4. Mine Safety Disclosures
Not Applicable.
24
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.