Street Calls of the Week
ALT5 Sigma Corp (NASDAQ:ALTS) announced Thursday that its shareholders approved an amendment to the company’s Articles of Incorporation to increase the total number of authorized shares of common stock from 200,000,000 to 2,000,000,000. The decision was made during a reconvened Special Meeting of Stockholders held online via webcast, following an adjournment of the initial meeting on October 10.
According to the company’s statement in a press release, as of the August 12 record date, there were 109,620,596 shares of common stock and 883,667 shares of voting preferred stock outstanding. The vote on the proposal resulted in 56,829,178 votes in favor, 13,099,874 votes against, and 4,646 abstentions. There were no broker non-votes reported.
The amendment will be filed with the Secretary of State of Nevada. No other matters were brought to a vote at the meeting.
ALT5 Sigma Corp is incorporated in Nevada and its common stock is listed on The Nasdaq Stock Market under the symbol ALTS. The information in this article is based on a statement from the company’s recent SEC filing.
In other recent news, ALT5 Sigma Corporation has announced significant financial and corporate developments. The company has secured agreements to issue and sell up to 200 million shares of common stock through a combination of registered direct and private placement offerings, projected to raise approximately $1.5 billion. This strategic move includes World Liberty Financial, Inc. as the lead investor, contributing with $WLFI tokens. Additionally, ALT5 Sigma shareholders have approved the issuance of 119,000,000 shares of common stock upon the exercise of pre-funded and common stock purchase warrants.
MOG Digitech Holdings Limited has also invested $500,000 in ALT5 Sigma through a fund subscription, joining other institutional investors. In governance updates, ALT5 Sigma has approved compensation terms for its Chief Financial Officer, Jonathan Hugh, and plans to finalize an employment agreement soon. Furthermore, ALT5 Sigma executives are scheduled to appear on CNBC’s “Squawk Box” to discuss the company’s treasury strategy and its focus on cryptocurrency payment solutions. These developments indicate active movements in ALT5 Sigma’s financial strategies and leadership initiatives.
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