So the cash part hasn't started to arrive yet, the WLFI token is essentially just air, which means there hasn't been any external liquidity coming in to buy WLFI tokens.

According to the SEC 8-K filing (submitted on August 11, 2025), ALT5 Sigma has signed a securities purchase agreement with the buyer on August 11, which means that the subscription for the directed issuance has been fully executed, including the cash portion from institutional investors and the private placement of the WLFI entity. The WLFI portion has been received, and the cash portion is expected to settle around 2025-08-12, which is today, depending on the usual settlement conditions.