Latest news with #ALT5SigmaCorporation
Business Wire
6 days ago
- Business
- Business Wire
ALT5 Sigma Corporation Appoints Jonathan Hugh as CFO
LAS VEGAS--(BUSINESS WIRE)--ALT5 Sigma Corporation (NASDAQ: ALTS)(FRA: 5AR1) (the 'Company' or 'ALT5'), a fintech and digital asset treasury (DAT) company specializing in turnkey, crypto-related solutions for institutions and merchants, today announced the appointment of industry veteran Jonathan Hugh as CFO of the company. Following ALT5 Sigma's recently announced $1.5 billion financing and the launch of the company's $WLFI Treasury Strategy, we are pleased to announce the appointment of Jonathan Hugh as Chief Financial Officer. His appointment further strengthens the company's leadership team at a pivotal stage in its growth. 'Jonathan is a highly accomplished senior executive with deep international experience across digital assets, commodity trading, and technology,' said Peter Tassiopoulos, CEO of ALT5 Sigma. 'His proven ability to scale high-growth businesses, combined with his expertise in financial strategy and global markets, will be invaluable as we accelerate the global expansion of our Crypto-as-a-Service platform and advance our $WLFI treasury initiatives.' Jonathan brings over 25 years of senior finance and commercial leadership experience in Digital Assets, Technology, Energy, and Commodities Trading, working with both public and private companies ranging from large-cap multinationals to agile high-growth ventures. He previously served as CFO of leading digital asset firms GSR International Ltd, a global market maker, and Zodia Custody Ltd, a regulated institutional custodian. Throughout his career, he has led numerous M&A transactions, executed multiple growth strategies and built robust financial control, compliance and reporting systems to support rapid innovation. Jonathan is a member of the Institute of Chartered Accountants of England and Wales and holds an MA in Law from Cambridge University. His appointment underscores ALT5 Sigma's commitment to attracting world-class leadership talent to drive execution of its strategic vision and deliver long-term value for shareholders. About ALT5 Sigma ALT5 Sigma Corporation (NASDAQ:ALTS)(FRA:5AR1) or (the 'Company') is a fintech, providing next generation blockchain-powered technologies for tokenization, trading, clearing settlement, payment and safe keeping of digital assets. Since June of 2025, the Company has been a member of the Russell Microcap Growth ®, Russell 3000E ®, and Russell 3000E Growth ® Indexes, as part of the 2025 Russell indexes reconstitution. The Company had previously been included in the Russell Microcap ® Index since June of 2024. The Company recently initiated a $WLFI Treasury Strategy, leveraging a portfolio of digital assets as a strategic component of its balance sheet. This initiative is designed to generate long-term value through disciplined acquisition and deployment of digital assets, while showcasing the Company's capabilities in digital asset payment solutions. The strategy not only strengthens the Company's financial position but also demonstrates the practical, institutional-grade application of its next-generation technology stack in real-world treasury operations. Founded in 2018, the Company provides next-generation blockchain-powered technologies to enable a migration to a new global financial paradigm. The Company, through its subsidiaries, offers two main platforms to its customers: 'ALT5 Pay' and 'ALT5 Prime.' ALT5 Sigma has processed over $6 billion USD in cryptocurrency transactions since inception. ALT5 Pay is an award-winning cryptocurrency payment gateway that enables registered and approved global merchants to accept and make cryptocurrency payments or to integrate the ALT5 Pay payment platform into their application or operations using the plugin with WooCommerce and or ALT5 Pay's checkout widgets and APIs. Merchants have the option to convert to fiat currency(s) automatically or to receive their payment in digital assets. ALT5 Prime is an electronic over-the-counter trading platform that enables registered and approved customers to buy and sell digital assets. Customers can purchase digital assets with fiat and, equally, can sell digital assets and receive fiat. ALT5 Prime is available through a browser-based access mobile phone application named 'ALT5 Pro' that can be downloaded from the Apple App Store, from Google Play, through ALT5 Prime's FIX API, as well as through Broadridge Financial Solutions' NYFIX gateway for approved customers. The Company is working on the separation of its biotech business that will move forward under 'Alyea Therapeutics Corporation.' Through its biotech activities, the Company is focused on bringing to market drugs with non-addictive pain-relieving properties to treat conditions that cause chronic or severe pain. The Company's patented product, a novel formulation of low-dose naltrexone (JAN123), is being initially developed for the treatment of Complex Regional Pain Syndrome (CRPS), an indication that causes severe, chronic pain generally affecting the arms or legs. The FDA has granted JAN123 Orphan Drug Designation for treatment of CRPS. About World Liberty Financial World Liberty Financial (WLFI) is a pioneering decentralized finance (DeFi) protocol and governance platform dedicated to empowering individuals through transparent, accessible, and secure financial solutions. Inspired by the vision of President Donald J. Trump, WLFI seeks to democratize access to DeFi by creating user-friendly tools that bring the benefits of decentralized finance to a broader audience. WLFI plans to be at the forefront of DeFi, offering an intuitive, robust platform that empowers users to participate actively in the financial future. Forward-Looking Statements This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the expected use of proceeds from the Offerings, the Company's expectation to initiate its $WLFI Treasury Strategy, the profitability and prospective growth of ALT5's platforms and business that may include, but are not limited to, international currency risks, third-party or customer credit risks, liability claims stemming from ALT5's services, and technology challenges for future growth or expansion, and statements regarding the Company's potential separation plans of its biotech business. This press release also contains general statements relating to risks that the Company's potential separation plans of its biotech business and the potential for JAN123 to treat CRPS, and other statements, including words such as 'continue', 'expect', 'intend', 'will', 'hope', 'should', 'would', 'may', 'potential', and other similar expressions. Such statements reflect the Company's current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social uncertainties, and contingencies. This press release also contains statements that are forward-looking in respect of the expected future partial or full disposition of the Company's interests in Alyea without specificity of the scope or methods thereof. Many factors could cause the Company's actual results, performance, or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others, those detailed in the Company's periodic reports filed with the Securities and Exchange Commission (the 'SEC'). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled 'Risk Factors' in the Company's filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. The Company cannot assure that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
Business Wire
13-08-2025
- Business
- Business Wire
ALT5 Sigma Corporation Appoints Zach Witkoff as Chairman and Welcomes Eric Trump to Board of Directors
LAS VEGAS--(BUSINESS WIRE)--ALT5 Sigma Corporation (the 'Company,' 'our' or 'ALT5') (NASDAQ: ALTS) (FRA:5AR1), a fintech specializing in turnkey, crypto-related solutions for institutions and merchants, welcomes Zach Witkoff, Co-Founder and CEO of World Liberty Financial, Inc. ('WLFI'), as Chairman of its board of directors (the 'Board'), effective upon the closing of its previously announced $1.5 billion registered direct offering and concurrent private placement. The previously announced financing marks the launch of ALT5's $WLFI Treasury Strategy, through which the Company will hold approximately 7.5% of the total supply of $WLFI tokens upon the closing. WLFI is the company behind USD1, the fastest growing stablecoin in the world. Statement from Zach Witkoff, Chairman, ALT5 Sigma Corporation: 'I am honored to assume the role of Chairman of the Board of ALT5 at such a pivotal moment in the Company's evolution. The completion of this transaction with WLFI represents not only a significant capital infusion, but also the foundation of a bold new chapter for ALT5 — one that positions the Company at the forefront of the digital asset treasury sector with a meaningful stake in the $WLFI ecosystem. The value creation model embraced by leading Digital Asset Treasury ('DAT') companies can be straightforward, yet powerful. By issuing equity at prices above multiple net asset value ('mNAV') per share and using those proceeds to acquire additional digital assets, ALT5 believes that it can grow the number of tokens per share in a highly accretive manner. Over time, this per-share token growth aims to compound the Company's intrinsic value and enhances long-term stockholder returns. Similarly, when trading below mNAV, repurchasing shares can serve as a complementary lever to drive accretion. This disciplined mNAV accretion strategy — coupled with our substantial initial $WLFI position, and prudent capital management — provides ALT5 with tools which can help to maximize value for stockholders. The new strategy, combined with ALT5's core business - which continues to see significant growth as the demand for turnkey blockchain-payment solutions rapidly increases - underpins a long-term, value-creation engine for stockholders. While ALT5 has no current plans to access the at-the-market ('ATM') facility at these mNAV levels, I expect that ALT5 will remain opportunistic in the future, evaluating token acquisitions and equity issuances only when they are expected to deliver measurable, long-term accretive benefits. At the same time, ALT5 remains committed to continuing to invest in ALT5's innovative solutions to further strengthen its industry-leading position. I look forward to working closely with the Board, the ALT5 management team, and all ALT5 stakeholders as ALT5 executes on this strategy and capture the tremendous opportunities that lie ahead in the rapidly expanding digital asset economy.' ALT5's current mNAV sensitivity table can be seen below. *These calculations are an approximation *WLFI tokens are not currently transferable and there is not current authorized trading market for WLFI. Expand The appointment of Mr. Witkoff is part of a broader expansion of ALT5's leadership team following the closing of the transaction, including the addition of Eric Trump as a Director on the Board, Zak Folkman as Board Observer, and Matt Morgan as Chief Investment Officer of the Company. About ALT5 Sigma Corporation ALT5 Sigma Corporation (NASDAQ:ALTS) (FRA:5AR1) is a fintech, providing next generation blockchain-powered technologies for tokenization, trading, clearing settlement, payment, and safe keeping of digital assets. ALT5 has been a constituent of the Russell Microcap Index since June 28, 2024. Founded in 2018, ALT5 Sigma, Inc. (a wholly owned subsidiary of ALT5 Sigma Corporation) enables the migration to a new global financial paradigm through its suite of blockchain infrastructure technologies. ALT5 Sigma, Inc., through its subsidiaries, offers two main platforms: "ALT5 Pay" and "ALT5 Prime." The Company has processed over $5 billion USD in cryptocurrency transactions since inception. ALT5 Pay is an award-winning cryptocurrency payment gateway that enables registered and approved global merchants to accept and make cryptocurrency payments or to integrate the ALT5 Pay payment platform into their application or operations using the plugin with WooCommerce and or ALT5 Pay's checkout widgets and APIs. Merchants have the option to convert to fiat currency(s) automatically or to receive their payment in digital assets. ALT5 Prime is an electronic over-the-counter trading platform that enables registered and approved customers to buy and sell digital assets. Customers can purchase digital assets with fiat and, equally, can sell digital assets and receive fiat. ALT5 Prime is available through a browser-based access mobile phone application named 'ALT5 Pro' that can be downloaded from the Apple App Store, from Google Play, through ALT5 Prime's FIX API, as well as through Broadridge Financial Solutions' NYFIX gateway for approved customers. The Company is also advancing the separation of its biotech business, which will continue under 'Alyea Therapeutics Corporation.' Through its biotech activities, the Company is focused on bringing to market drugs with non-addictive pain-relieving properties to treat conditions that cause chronic or severe pain. Our patented product, a novel formulation of low-dose naltrexone (JAN123), is being initially developed for the treatment of Complex Regional Pain Syndrome (CRPS), an indication that causes severe, chronic pain generally affecting the arms or legs. The FDA has granted Jan123 Orphan Drug Designation for treatment of CRPS. This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to ALT5's accelerated growth in digital asset treasury operations, ALT5's holding of approximately 7.5% of the total supply of $WLFI tokens upon the closing of the offering, the positioning of the Company in the digital asset treasury sector, the belief that the Company can grow the number of tokens per share in a highly accretive manner, the belief that the intended per-share token growth aims to compound the Company's intrinsic value and enhance long-term stockholder returns, its mNAV sensitivity analysis (including share price and token price information included therein), the Company's potential use of its ATM facility, future token acquisitions and equity issuance or share repurchases and the benefits of the Company's $WLFI treasury strategy, the profitability and prospective growth of ALT5's platforms and business that may include, but are not limited to, international currency risks, third-party or customer credit risks, liability claims stemming from ALT5's services, and technology challenges for future growth or expansion, and statements regarding the Company's potential separation plans of its biotech business. This press release also contains general statements relating to risks that the Company's potential separation plans of its biotech business and the potential for JAN123 to treat CRPS, and other statements, including words such as 'continue', 'expect', 'intend', 'will', 'hope', 'should', 'would', 'may', 'potential', and other similar expressions. Such statements reflect the Company's current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social uncertainties, and contingencies. This press release also contains statements that are forward-looking in respect of the expected future partial or full disposition of the Company's interests in Alyea without specificity of the scope or methods thereof. Many factors could cause the Company's actual results, performance, or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others, changes in the value of WLFI tokens and other risks detailed in the Company's periodic reports filed with the Securities and Exchange Commission (the 'SEC'). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled 'Risk Factors' in the Company's filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. The Company cannot assure that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
Yahoo
13-08-2025
- Business
- Yahoo
Treasury for Trump-Backed World Liberty to Raise $1.5B for WLFI Buys
A financial infrastructure firm is planning to raise up to $1.5 billion to establish a World Liberty Financial treasury, according to a Monday statement from the company behind the sale—a move that could stoke investor interest in the asset as it is poised to become tradable. ALT5 Sigma Corporation, a publicly traded company, will issue and sell 100 million of its common stock shares to investors in a private placement. The shares will be priced at $7.50 each, and the sale is expected to close on August 12. The firm will use the expected $1.5 billion in sale proceeds to purchase $WLFI, in addition to settling litigation, paying its debts and funding its existing operations, according to ALT5 Sigma's statement. U.S. President Donald Trump's son Eric will serve as ALT5's Director of the Board when the stock sale is closed. World Liberty Financial CEO Zach Witkoff, the son of presidential advisor Steve Witkoff, has been appointed the chairman of the board. WLFI is the native token of the World Liberty Financial DeFi platform founded by Eric and Donald Jr. in 2024. The common stock sale comes a few weeks after World Liberty Financial signaled its intention to make WLFI tradable in the near future for the token's early adopters. The cryptocurrency has been locked up since its $590 million pre-sale in 2024. That change in WLFI's exchangeability could stoke investor interest in the token and pump the asset's value—a boon for ALT5 Sigma and other large holders of the token, including the Trump family which holds a multi-billion-dollar stake in the project. Michael Saylor's Latest Bitcoin Buy Is Strategy's Smallest in Months Alt5 Sigma shares are trading at $9.20 as of writing time, up 2.5% over the past 24 hours, according to Yahoo Finance data. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
WIRED
12-08-2025
- Business
- WIRED
Trump Family–Backed World Liberty Financial Sets Up $1.5 Billion Crypto Treasury
Aug 12, 2025 2:30 PM World Liberty Financial has struck a deal that will turn a little-known company into a vehicle for betting on the price of its crypto coin. Photograph:World Liberty Financial, the cryptocurrency business cofounded by the Trump family, is creating a way for investors to speculate on the price of its self-branded coin, WLFI, through the US stock market. A cohort of investors led by World Liberty Financial is set to purchase 200 million shares in ALT5 Sigma Corporation, a Nasdaq-listed company. The proceeds will be used to build a $1.5 billion WLFI treasury, equating to roughly 7.5 percent of the coin's total supply. Eric Trump will join the ALT5 board of directors, which will be chaired by fellow World Liberty Financial cofounder Zach Witkoff, son of Steve Witkoff, who was appointed special envoy to the Middle East by US president Donald Trump. ALT5 is marketed as a crypto payments company. But in practice, the deal will turn the stock into a sort of proxy for the WLFI coin, allowing investors to bet on the asset without the hassle and risk that comes with holding a crypto coin themselves. 'One small step for mankind, one giant leap for WLFI,' wrote World Liberty Financial in an X post. However, the arrangement has drawn criticism from those who regard it as an example of self-serving Wall Street gymnastics that can lead to losses among unsophisticated investors, even if it doesn't break any official rules. 'This is the classic Wall Street experience—meaning Wall Street gains your money, and you gain experience," claims Michael Green, chief strategist at asset management firm Simplify. 'The funding from the World Liberty Financial investment is being used to buy the product of World Liberty Financial: the token. What you are effectively doing is building a holding company whose sole objective is to create a treasury that can inflate the market capitalization of World Liberty Financial's token.' The deal has also reignited conflict of interest concerns that have trailed World Liberty Financial since Trump returned to the White House in January. A company affiliated with the president and his family controls both 22.5 percent of WLFI coins and a 40 percent equity stake in World Liberty Financial. In theory, a politically-motivated actor could curry favor with the US president by investing heavily in ALT5, thereby driving up the price of the stock—which sits on the World Liberty Financial balance sheet—and signaling demand for the WLFI coin, perhaps catalyzing further trading from which the Trump family would benefit. 'If you happen to visit Donald Trump and say, 'by the way, I love that company that you are involved with World Liberty Financial, I just bought a billion dollars of it,' my guess is you're going to get more attention than you otherwise might,' claims Green. ALT5 and World Liberty Financial did not respond immediately to a request for comment. 'The media's continued attempts to fabricate conflicts of interest are irresponsible and reinforce the public's distrust in what they read,' says Karoline Leavitt, White House press secretary. 'Neither the President nor his family have ever engaged, or will ever engage, in conflicts of interest.' The Trump family began to tease the launch of World Liberty Financial last August, ahead of the 2024 US presidential election. Initially, it was unclear what services the business would provide; the pitch was simply to 'make finance great again.' Since then, World Liberty Financial has launched USD1, a so-called stablecoin tied in value to the US Dollar, and the WLFI coin. WLFI was initially meant to be used only for voting on changes to World Liberty Financial projects, not for trading. But in July, WLFI holders voted by a landslide to make the token tradeable on the secondary market. World Liberty Financial has not yet confirmed when trading will begin. The crypto treasury strategy that World Liberty Financial is pursuing was first popularized by Strategy—formerly MicroStrategy—a publicly traded software company that has accumulated a trove of bitcoin currently worth more than $74 billion. Strategy has long traded at a value that far exceeds its bitcoin holdings. Since Trump was reelected in November on a staunchly pro-crypto platform, copycat treasury companies have flooded US public markets. In the last few months, figures including Brandon Lutnick, the son of US commerce secretary Howard Lutnick, and David Bailey, a bitcoin evangelist who reportedly advised Trump on crypto policy, have launched their own respective bitcoin treasury vehicles. Two Nasdaq-listed companies with links to China also recently raised hundreds of millions of dollars to acquire a combination of bitcoin and Trump's memecoin. '[Strategy] has been the best performing stock of any other on the public market since that first bitcoin purchase. Naturally, other companies are attracted to that return profile,' Bill Papanastasiou, director of equity research at analyst house KBW, told WIRED earlier in the year. ALT5, with its newly-formed WLFI treasury, is part of this broader phenomenon. But unlike the rest, the underlying coin is not yet publicly tradable. 'World Liberty Financial is declaring that its token, which originally was supposed to be a governance-only token, is now going to be liquid and tradable. As a result, it's very important to create an entity that will buy that token anytime it starts to fall in value,' alleges Green. 'That's really what's happening.' Others are less skeptical of the economic principles beneath the crypto treasury companies; the opportunity to expand the amount of crypto they hold per share by earning yield on treasury assets, marketing derivatives and issuing convertible debt, they say, justifies the inflated valuations. 'It's sort of anathema to everything I learned as a value investor (...) but I realized there's a real fundamental thesis to why these can and should trade [at a premium to the value of their treasuries],' says Cosmo Jiang, general partner at crypto investment firm Pantera Capital, which has invested in a number of crypto treasury companies. 'They actually remind me a lot of banks, if you boil it down. A bank has a pile of deposits and then goes out and tries to generate yield on those deposits.' 'I'm a bit bullish on these vehicles,' says Thomas Braziel, co-founder of investment firm 507 Capital. 'I'm not sure yet why anybody would be that worried (...) A bubble, maybe it makes a headline, but I don't think it's accurate.' But even investors who see promise in the crypto treasury strategy recognize a risk associated with the extent of the Trump family's entanglements with the industry, which they fear could result in political blowback if the Democratic party were to return to power. 'The biggest risk to me in crypto right now—if you're a crypto bro or bull—is the unabashed pocket-lining done by the Trump family,' claims Braziel. 'For Trump, if there's no conflict there's no interest.'
CNBC
12-08-2025
- Business
- CNBC
World Liberty Financial co-founders on $1.5 billion digital coin deal, growth of USD1 stablecoin
Zach Witkoff, World Liberty Financial co-founder and CEO and ALT5 Sigma incoming chairman, and Zak Folkman, World Liberty Financial co-founder and COO and ALT5 Sigma incoming board observer, join 'Squawk Box' to discuss news of World Liberty Financial using ALT5 Sigma Corporation to raise $1.5 billion for the purchase of its WLFI token, the economics of USD1, future of stablecoins, and more.
