On Monday, Alt5 Sigma, the Fintech company, Blockchain, has unveiled plans to create an encrypted treasury focusing on the global Liberty Financial (WLFI) project – a project supported by the Trump family.
However, this announcement was met with a quick and negative reaction from investors, which led to a significant decrease in the company Arrow price.
The first treasury coding focuses on the world financial freedom
Alt5 Sigma, which is trading on NASDAQ under the name TECKER “ATLS”, aims to raise $ 1.5 billion to become the first circulating company to maintain WLFI, the governance code associated with World Liberty Financial.
in press release On August 11, the company revealed that it plans to raise these funds through a direct recorded offer and a special situation, which will include the sale of up to 100 million shares at a price of $ 7.50 each.
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It is worth noting that the special position will be carried out using the distinctive WLFI codes, which are not currently transferred and will be treated as over the counter (OTC).
In its organizational presentation with the US Securities and Stock Exchange Committee (SEC), Alt5 Sigma stated that getting WLFI directly from World Liberty Financial is the only option, as the symbols are still closed and unaccounted.
The deposit also warned that if the company fails to obtain distinctive symbols on favorable conditions or at all, its ability to implement the strategy of the Ministry of Digital Treasury may weaken, which may require re -customization of assets inside the cabinet.
Alt5 Sigma shares decline 26 %
Before announcing with World Liberty Financial, Alt5 Sigma shares were working well, approaching $ 20 in pre -market trading and more than weak value. However, the news of the treasury plans greatly reversed this momentum.
By the end of the trading on Monday, the shares decreased by 26.42 %, and settled at $ 6.60. From the latest ReportsAlt5 shares continue to move about $ 6, which reflects a decrease of about 10 % during the past week.
Through the taking of the cabinet, Zach Wetkov, co -founder of World Liberty Financial, is scheduled to become president of Alt5. Eric Trump, the other co -founder of WLFI, will join the council as a director.
In addition, Zak Folkman, who is also a co -founder, will also work as a council observer, while Matt Morgan, CEO of Blockstreet, will take over the role of the chief investment employee.
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It is important to note that the WLFI icon, which was designed as an unspeakable symbol, was launched in October 2024, with a later advertisement of Stablecoin USD1 in March.
In mid -July, the world holders are financial freedom voice To allow the symbol to become traded, facilitate transactions from peers to counterpart and secondary market activity. However, at the present time, the movement of symbols remains limited, while restricting the commercial eligibility of a selected group of the first supporters.
Distinctive image from Dall-E, Chart from TradingView.com
