ALT5 Sigma Corporation said it has signed definitive agreements to raise about $1.5 billion through a registered direct offering and a concurrent private placement priced at $7.50 a share. The two tranches cover as many as 200 million shares and are expected to close on or around Aug. 12, subject to customary conditions. World Liberty Financial is purchasing the private-placement shares with WLFI tokens, giving ALT5 roughly 7.5% of the token’s total supply and underpinning a new corporate treasury strategy focused on digital assets. Net proceeds will be used to acquire additional WLFI tokens, expand crypto-treasury operations, settle litigation, repay debt and fund general corporate purposes. The deal reshapes ALT5’s governance. WLFI co-founder Zach Witkoff will become chairman of the Nasdaq-listed fintech, while Eric Trump will take a seat on the board. WLFI’s Zak Folkman will serve as a board observer and Matt Morgan will become chief investment officer once the transaction closes. A.G.P./Alliance Global Partners is acting as sole placement agent for the offerings, which were priced at-the-market under Nasdaq rules.
💥 Eric Trump and $WLFI are buying ALTS w/ $1.5B to establish a new Treasury Strategy 💥 BULLISH 🚀🚀 https://t.co/DDUSy5Ozoh
Publicly traded ALT5 Sigma Corporation announces $1.5B raise to initiate $WLFI treasury strategy 🚨 https://t.co/I5cMFzXD1b
💥 Eric Trump and $WLFI are raising a fresh $1.5B to buy ALTS for their new Treasury Strategy 💥 BULLISH 🚀🚀 https://t.co/DDUSy5Ozoh