Alt5 Sigma shareholders approve share issuance and board appointment, adjourn meeting for vote on share increase

Shareholders of Alt5 Sigma Corp (NASDAQ:ALTS), a $303.62 million market cap company whose stock has declined 47.74% year-to-date, held a special meeting virtually on Friday to vote on several proposals, according to a press release statement and a filing with the U.S. Securities and Exchange Commission. InvestingPro analysis indicates the stock is currently undervalued, with analysts setting an $18 price target, significantly above its current trading price of $2.43.

At the meeting, stockholders approved the issuance of 119,000,000 shares of common stock upon the exercise of pre-funded warrants and common stock purchase warrants held by World Liberty Financial, Inc. These warrants were issued under a securities purchase agreement dated August 11, 2025, in accordance with Nasdaq Listing Rules 5635. The voting results for this proposal were 36,989,693 votes in favor, 12,381,062 against, 6,427 abstentions, and 13,867,952 broker non-votes. The company has shown remarkable revenue growth of 926.05% over the last twelve months, according to InvestingPro data.

Stockholders also approved the appointment of a second director selected by World Liberty Financial, Inc. to the board, as provided for under the same securities purchase agreement and Nasdaq Listing Rule 5635. The results for this proposal were 25,091,099 votes in favor, 23,868,657 against, 417,426 abstentions, and 13,867,952 broker non-votes.

A third proposal, which would amend 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, was not voted on at the meeting. The special meeting was adjourned with respect to this proposal and is scheduled to resume on October 16, 2025, at 1:00 p.m. Eastern Time. The record date for voting eligibility remains August 12, 2025.

Additionally, shareholders voted on a proposal to approve adjournments or postponements of the special meeting or to transact other business as may be properly brought before the meeting. This proposal received 24,506,210 votes in favor, 24,464,260 against, 406,712 abstentions, and 13,867,952 broker non-votes.

No other matters were voted on during the meeting. The information in this article is based on a press release statement and the company’s SEC filing.

In other recent news, ALT5 Sigma Corporation announced significant financial and strategic developments. The company has entered into agreements for the issuance and sale of up to 200 million shares of common stock, expected to raise approximately $1.5 billion. This capital will be raised through a combination of registered direct and private placement offerings, with World Liberty Financial, Inc. acting as the lead investor. Additionally, MOG Digitech Holdings Limited has made a strategic investment of $500,000 in ALT5 Sigma through a fund subscription.

ALT5 Sigma has also been active in governance and legal matters, approving compensation terms for its Chief Financial Officer, Jonathan Hugh, with a base salary of $550,000 and a target bonus opportunity equal to his salary. The company plans to finalize an employment agreement with Mr. Hugh soon. In terms of technological advancements, ALT5 Sigma has integrated its ALT5 Prime FIX API with Fundamental Interaction’s trading technology, facilitating access to digital asset markets for broker-dealers and trading systems. Furthermore, ALT5 Sigma representatives are scheduled to appear on CNBC’s "Squawk Box" to discuss the company’s treasury strategy and its focus on cryptocurrency payment solutions.

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