According to PANews, Alt5 Sigma initially planned to appoint Eric Trump to its board of directors. However, following discussions with Nasdaq, his role was altered to that of a board observer, with no specific reasons provided for the change. Previously, Alt5 Sigma announced its intention to raise $1.5 billion through direct and private placements to acquire digital tokens $WLFI issued by World Liberty Financial (WLF). SEC filings reveal that WLF was founded by U.S. President Donald Trump and his three sons. The related LLC holds approximately 38% of WLF shares and 2.25 billion $WLFI tokens, with rights to about 75% of the token sales revenue.
Alt5 Sigma Adjusts Eric Trump's Role Amid Nasdaq Discussions
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