Intel stock extends gains after report of possible U.S. government stake
Investing.com -- ALT5 Sigma Corporation (NASDAQ:ALTS) stock surged 7% Wednesday morning after the company announced the closing of a $1.5 billion registered direct offering and concurrent private placement to implement its World Liberty Financial (WLFI) Treasury Strategy.
The digital asset trading and payment solutions provider completed the offerings led by World Liberty Financial, with participation from major institutional investors and crypto venture capital firms. The company plans to hold approximately 7.5% of the total supply of WLFI tokens as part of its treasury strategy.
As part of the transaction, World Liberty Financial’s co-founder and CEO Zach Witkoff has been appointed Chairman of ALT5’s board of directors. Eric Trump has joined as a director, while Zak Folkman, co-founder and COO of World Liberty Financial, has become a board observer. Additionally, Matt Morgan has been named Chief Investment Officer of ALT5.
The offerings were priced at-the-market according to Nasdaq rules, with A.G.P./Alliance Global Partners serving as the sole placement agent. Kraken will act as the Asset Manager for the initiative.
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