According to ChainCatcher news, as per market data, ALT5 Sigma Corporation has fallen by over 11% in pre-market trading, currently reported at $0.798.
According to previous reports from ChainCatcher and Businesswire, NASDAQ-listed company ALT5 Sigma (ticker: ALTS) announced the completion of a $1.5 billion registered direct offering and simultaneous private placement financing, with a pricing of $7.50 per share. This financing is led by World Liberty Financial (WLFI), and its co-founder and CEO Zach Witkoff will serve as the chairman of ALT5's board, with Eric Trump serving as a director.
After the transaction is completed, ALT5 will hold 7.5% of the total supply of WLFI tokens, which is planned for the operation of cryptocurrency asset funds, debt repayment, and business expansion. The private placement portion will be paid in WLFI tokens, and the transaction is expected to be completed on August 12. As a provider of digital asset trading and payment solutions, this financing marks ALT5's further deepening of its layout in the crypto financial ecosystem.
