ALT5 Sigma Corporation announced the closing of a $1.5 billion registered direct offering and concurrent private placement led by World Liberty Financial, Inc.
The gross proceeds of the offerings were approximately $1.5 billion before deducting placement agent fees and other offering expenses.
The company will implement its $WLFI Treasury Strategy holding approximately 7.5% of the total supply of $WLFI tokens.
New Board Members
Zach Witkoff becomes Chairman, Eric Trump joins as a Director, Zak Folkman as a Board Observer, and Matt Morgan as Chief Investment Officer.
Lead Investor
World Liberty Financial acted as the lead investor in the private placement offering.
Participation
The offerings included participation by a select number of the world's largest institutional investors and prominent crypto venture capital firms.
- ALT5 Sigma Corporation expands as a leading provider of digital asset trading and payment solutions.
- The company's $WLFI Treasury Strategy aims to secure a significant portion of $WLFI tokens, enhancing its digital asset holdings.
The successful closing of the offerings and the addition of key members to the board position ALT5 Sigma Corporation for continued growth in the digital asset market.