Assignment history

Inventors

• Michael Garel: Alpha Modus Corp (employer at time of filing, as Alpha Modus Corp was the applicant)
• Jim Wang: Alpha Modus Corp (employer at time of filing, as Alpha Modus Corp was the applicant)

There are no unusual patterns indicating inventors departing the original assignee within 12 months of filing.

Original assignee

The entity named as the Original Assignee on the issued patent (and as the applicant) is Alpha Modus Corp.

It is unclear if Alpha Modus Corp currently ships a product directly embodying the claims. However, public records indicate that Alpha Modus, Corp. is actively involved in patent enforcement. SEC filings from Alpha Modus Holdings, Inc. and litigation records confirm that Alpha Modus, Corp. asserts patents, including US 12,423,718, against other companies whose in-store systems are alleged to infringe its portfolio. Its current status is operating.

Assignment timeline

The following is a chronological list of recorded assignments for US patent 12,423,718 (which was US patent application Ser. No. 18/905,975 at the time of these transfers), obtained from the USPTO Assignment Center [cite: https://assignmentcenter.uspto.gov/].

• 2024-10-21 (executed) / recorded 2024-10-22 — Reel 062638/0925

  • Conveyance: Assignment
  • Assignor: GAREL, MICHAEL; WANG, JIM
  • Assignee: EYEQ, INC.
  • Correspondent: STREETERVILLE CAPITAL LLC, 444 N. MICHIGAN AVENUE, SUITE 3100, CHICAGO, ILLINOIS, 60611, UNITED STATES. This correspondent recurs for all assignments in this chain.
  • Context: Transfer of patent application rights from inventors to an intermediary entity.

• 2024-10-21 (executed) / recorded 2024-10-22 — Reel 062638/0928

  • Conveyance: Assignment
  • Assignor: EYEQ, INC.
  • Assignee: ALPHA MODUS, CORP.
  • Correspondent: STREETERVILLE CAPITAL LLC, 444 N. MICHIGAN AVENUE, SUITE 3100, CHICAGO, ILLINOIS, 60611, UNITED STATES. This correspondent recurs for all assignments in this chain.
  • Context: Transfer of patent application rights from the intermediary entity to Alpha Modus, Corp.

• 2025-02-05 (executed) / recorded 2025-02-10 — Reel 063162/0122

  • Conveyance: SECURITY INTEREST
  • Assignor: ALPHA MODUS, CORP.
  • Assignee: STREETERVILLE CAPITAL, LLC
  • Correspondent: STREETERVILLE CAPITAL LLC, 444 N. MICHIGAN AVENUE, SUITE 3100, CHICAGO, ILLINOIS, 60611, UNITED STATES. This correspondent recurs for all assignments in this chain.
  • Context: Securitization of the patent application by Alpha Modus, Corp.

• 2025-07-29 (executed) / recorded 2025-07-31 — Reel 063724/0971

  • Conveyance: RELEASE BY SECURED PARTY
  • Assignor: STREETERVILLE CAPITAL, LLC
  • Assignee: ALPHA MODUS, CORP.
  • Correspondent: STREETERVILLE CAPITAL LLC, 444 N. MICHIGAN AVENUE, SUITE 3100, CHICAGO, ILLINOIS, 60611, UNITED STATES. This correspondent recurs for all assignments in this chain.
  • Context: Release of the security interest, restoring full rights to Alpha Modus, Corp.

Timeline diagram

timeline
    title Ownership of US 12423718
    2024 : Application filed by Alpha Modus Corp
         : Inventors assign to EyeQ Inc
         : EyeQ Inc assigns to Alpha Modus Corp
    2025 : Alpha Modus grants security interest to Streeterville Capital
         : Streeterville Capital releases security interest to Alpha Modus
         : Patent issued
         : First infringement suit filed

NPE / troll-pattern signals

1. Shell-entity transfer — Present. The application was transferred from the inventors to EYEQ, INC., and immediately to ALPHA MODUS, CORP. on the same day (executed 2024-10-21, recorded 2024-10-22, Reel 062638/0925 and 062638/0928). While Alpha Modus, Corp. itself appears to be the ultimate operating entity for patent assertion, the initial two-step transfer and the subsequent security interest with Streeterville Capital LLC, which acts as the consistent correspondent, suggest a structured approach to patent holding and monetization.
2. Known asserter in the chain — Present. Alpha Modus, Corp. is explicitly identified in the litigation summary as actively asserting a patent portfolio, including US 12,423,718, against major retailers like Lowe's. This directly aligns with the definition of a patent asserter. [cite: https://patents.google.com/patent/US12423718/en]
3. Repeat correspondent across the chain — Present. STREETERVILLE CAPITAL LLC (444 N. MICHIGAN AVENUE, SUITE 3100, CHICAGO, ILLINOIS, 60611, UNITED STATES) is listed as the correspondent for all four recorded assignments related to this patent application (Reel 062638/0925, 062638/0928, 063162/0122, 063724/0971). Its consistent involvement across multiple transfers within the chain is a strong indicator of an NPE pattern.
4. Cascading transfers — Present. The transfers from the inventors to EYEQ, INC., and then from EYEQ, INC. to ALPHA MODUS, CORP. occurred on the same execution date (2024-10-21) and were recorded on the same day (2024-10-22) (Reel 062638/0925 and 062638/0928). This rapid, consecutive transfer through an intermediary entity is a strong signal of cascading transfers for structuring ownership.
5. Pre-litigation transfer — Present. The security interest granted to STREETERVILLE CAPITAL, LLC was released by secured party back to ALPHA MODUS, CORP. on 2025-07-29 (executed) and 2025-07-31 (recorded) (Reel 063724/0971). The patent subsequently issued on 2025-09-23, and the first infringement suit against Lowe's (2:25-cv-01145) was filed on 2025-10-14. This places the final cleanup of the ownership chain (release of security interest) approximately 2.5 months prior to the patent's issuance and assertion, indicating preparation for litigation.
6. Bankruptcy fire-sale — Not present. No information suggests the original assignee filed for bankruptcy.
7. Privateering — Unclear. While Alpha Modus, Corp. is asserting patents against retailers, there is no explicit evidence within the provided text to confirm if this is on behalf of another operating company or solely for its own monetization.
8. Defensive aggregator (anti-NPE) — Not present. The chain terminates with Alpha Modus, Corp., an identified asserter.

Verdict

NPE — high confidence

This verdict is justified by multiple strong signals. Alpha Modus, Corp. is a known patent asserter, as confirmed by its active litigation campaign against major retailers. The assignment chain exhibits cascading transfers (Reel 062638/0925, 062638/0928), a consistent repeat correspondent (STREETERVILLE CAPITAL LLC) across all transactions (Reel 062638/0925, 062638/0928, 063162/0122, 063724/0971), and a pre-litigation transfer (Reel 063724/0971) to clear the patent's title shortly before issuance and assertion.

(Verification: Search US12423718B2 on USPTO Patent Assignment Search)