ALT5 Sigma Plans $1.5 Billion Investment in WLFI Tokens
ALT5 Sigma Corp. (ALTS) plans to invest $1.5 billion in WLFI tokens from World Liberty Financial, a venture associated with the Trump family. Key details include:
- ALT5 will issue 200 million shares through a direct offering and private placement to fund the purchase.
- The acquisition will result in ALT5 holding 7.5% of the total WLFI supply.
- Zach Witkoff becomes chairman of ALT5's board; Eric Trump joins as a director; Zak Folkman is appointed board observer; Matt Morgan will serve as chief investment officer.
- ALT5 will sell 100 million shares to institutional investors at $7.50 each and another 100 million in exchange for WLFI tokens, priced recently at $0.3659.
- The financing is expected to close on August 12.
- Funds will support crypto treasury operations, buy more WLFI tokens, reduce debt, settle litigation, and strengthen working capital.
- ALT5 operates a crypto payment platform and OTC trading desk, claiming over $5 billion in processed digital asset transactions since its founding in 2018.
This move positions WLFI as a core asset for ALT5, linking its potential success to both cryptocurrency market trends and political factors associated with the Trump family.