Data: ALT5 Sigma Corporation pre-market drop of over 11%, previously announced the launch of the WLFI treasury strategy

ChainCatcher news reports that, according to market data, ALT5 Sigma Corporation is down over 11% in pre-market trading, currently priced at $0.798.

ChainCatcher previously reported that according to Businesswire, NASDAQ-listed company ALT5 Sigma (Ticker: ALTS) announced the completion of a $1.5 billion registered direct offering and concurrent private placement, with a price of $7.50 per share. This financing was led by World Liberty Financial (WLFI), and its co-founder and CEO Zach Witkoff will serve as the chairman of the ALT5 board, while Eric Trump will serve as a director.

After the transaction is completed, ALT5 will hold 7.5% of the total supply of WLFI tokens and plans to use it for cryptocurrency asset fund operations, debt repayment, and business expansion. The private placement portion will be paid in WLFI tokens, and the transaction is expected to be completed on August 12. As a provider of digital asset trading and payment solutions, this financing marks ALT5's further deepening of its layout in the crypto financial ecosystem.