ALT5 Sigma Corporation is set to raise $1.5 billion to establish a treasury for World Liberty Financial (WLFI) by offering 100 million shares at $7.50 each, with the sale closing on August 12. This move follows a community vote to trade WLFI tokens, which have been locked since their pre-sale in 2024 that raised $590 million. The proceeds will be used for purchasing WLFI tokens, settling litigation, paying debts, and funding operations. Eric Trump will join ALT5's Board of Directors, while Zach Witkoff, son of presidential advisor Steve Witkoff, has been appointed as chairman. As WLFI prepares to become tradable, investor interest is expected to rise, benefiting major stakeholders including the Trump family. The stock's current price is reported at $9.20, reflecting a 2.5% increase in the last 24 hours.

Source đź”—