ALT5 Sigma Corporation has announced a plan to sell 200 million shares of common stock for $1.5 billion to enhance its World Liberty Financial (WLFI) treasury. The company will conduct a direct stock offering of 100 million shares alongside a private placement for another 100 million shares, both priced at $7.50 each. This initiative follows reports that WLFI, a crypto venture backed by the Trump family, is considering becoming a publicly traded entity to manage its WLFI tokens, aiming to raise approximately $1.5 billion by Tuesday. According to a Form 8-K filed with the SEC, ALT5 Sigma will receive $750 million in WLFI tokens in exchange for one million shares and 99 million pre-funded warrants. The remaining $750 million will be in cash from the direct sale, intended for expanding the WLFI corporate reserve. Despite a 9.8% drop in stock value at publication, ALT5 Sigma's shares have increased by over 19% in the past week, reflecting market reactions to the news. Read more AI-generated news on: https://app.chaingpt.org/news

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