Insight Acquisition (OTCMKTS:INAQU) Revises Committee Composition Following Business Combination

Insight Acquisition Corp. recently disclosed a change in its post Business Combination committee composition. The Company, along with Alpha Modus, announced that the decision to revise the committee members was made on November 25, 2024.

This update comes following the revelation that Greg Richter is the brother-in-law of Chairman William Alessi, disqualifying him as an independent director under Nasdaq’s regulations. Consequently, adjustments to the post Business Combination Company’s committee structure were necessary.

Effective immediately after the Business Combination, the committee members will be reconfigured as follows:

Audit Committee:
– William Ullman
– Michael Garel
– Scott Wattenberg (Chairman)

Compensation Committee:
– William Ullman
– Michael Garel (Chairman)
– Scott Wattenberg

Nominating and Corporate Governance Committee:
– William Ullman (Chairman)
– Michael Garel
– Scott Wattenberg

The modification in committee members aims to ensure compliance with regulatory standards and uphold the independence and effectiveness of the post Business Combination Company’s governance structure.

Additionally, previously outlined in the definitive proxy statement submitted to the Securities and Exchange Commission on September 18, 2024, the Board of Directors of the post Business Combination Company will consist of esteemed members, with William Alessi as Chairman, along with Greg Richter, William Ullman, Michael Garel, and Scott Wattenberg.

For further information and updates, interested parties can refer to the filed Form 8-K with the Securities and Exchange Commission. The Company aims to maintain transparency and adherence to regulatory requirements in all its operations.

This announcement signifies Insight Acquisition Corp.’s commitment to ensuring sound corporate governance and regulatory compliance following the Business Combination.

The reporting of this revision and subsequent committee adjustments has been documented in the most recent SEC filing of Insight Acquisition Corp. for public review.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Insight Acquisition’s 8K filing here.

About Insight Acquisition

Insight Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on business in the FinTech, wealth, asset, investment management, and insurance tech sectors.