ALT5 Sigma Corporation Completes $1.5 Billion Private Placement and Public Offering, Initiates World Liberty Financial Treasury Strategy
Reuters
Aug 13
ALT5 Sigma Corporation Completes $1.5 Billion Private Placement and Public Offering, Initiates World <a href="https://laohu8.com/S/LFG.AU">Liberty Financial</a> Treasury <a href="https://laohu8.com/S/MSTR">Strategy</a>
Alt5 Sigma Corporation $(ALTS)$(FRA: 5AR1) has announced the completion of a $1.5 billion registered direct offering and concurrent private placement, led by World Liberty Financial, Inc. The total gross proceeds from these offerings amounted to approximately $1.5 billion, prior to the deduction of fees and expenses. The offerings were conducted at-the-market in accordance with Nasdaq rules. Following this transaction, Zach Witkoff, co-founder and CEO of World Liberty Financial, has been appointed as Chairman of the Board of Directors of Alt5, with Eric Trump joining as a director. Additionally, Zak Folkman, co-founder and COO of World Liberty Financial, will serve as a board observer, and Matt Morgan has been appointed as Chief Investment Officer. A.G.P./Alliance Global Partners acted as the sole placement agent for the offerings.
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