Eric Trump Joins ALT5 Sigma Board as Company Raises $1.5 Billion for WLFI Treasury
- ALT5 Sigma will raise $1.5 billion to acquire WLFI tokens and restructure its balance sheet.
- Eric Trump and Zach Witkoff join the board amid strategic governance changes.
- Funds will support debt repayment, litigation settlement, operations, and WLFI treasury expansion.
ALT5 Sigma Corporation has announced a major $1.5 billion capital raise to establish a new cryptocurrency treasury centered on the World Liberty Financial (WLFI) token.
The financing involves the sale of up to 100 million common shares at $7.50 each, with the deal expected to close on August 12. The proceeds will be used to acquire WLFI tokens, settle litigation, repay debt, and for general working capital. The deal marks a significant structural shift in ALT5 Sigma’s asset strategy, positioning it to hold WLFI as a core reserve asset.
Eric Trump Joins the Board of Directors
Alongside the massive capital raise, the company also announced significant changes to its board. Eric Trump, executive vice president of the Trump Organization, has joined as a director. Zach Witkoff of World Liberty Financial will serve as the new chairman, with Zak Folkman participating as a board observer.
The post Eric Trump Joins ALT5 Sigma Board as Company Raises $1.5 Billion for WLFI Treasury appeared first on Coin Edition.
Read More
AAVE Breaks Resistance as DeFi Market Hits Record $219B Size
Despite Losing Share to Aster, Hyperliquid Still ‘Most Investible,’ Analyst Says
Eric Trump Joins ALT5 Sigma Board as Company Raises $1.5 Billion for WLFI Treasury
- ALT5 Sigma will raise $1.5 billion to acquire WLFI tokens and restructure its balance sheet.
- Eric Trump and Zach Witkoff join the board amid strategic governance changes.
- Funds will support debt repayment, litigation settlement, operations, and WLFI treasury expansion.
ALT5 Sigma Corporation has announced a major $1.5 billion capital raise to establish a new cryptocurrency treasury centered on the World Liberty Financial (WLFI) token.
The financing involves the sale of up to 100 million common shares at $7.50 each, with the deal expected to close on August 12. The proceeds will be used to acquire WLFI tokens, settle litigation, repay debt, and for general working capital. The deal marks a significant structural shift in ALT5 Sigma’s asset strategy, positioning it to hold WLFI as a core reserve asset.
Eric Trump Joins the Board of Directors
Alongside the massive capital raise, the company also announced significant changes to its board. Eric Trump, executive vice president of the Trump Organization, has joined as a director. Zach Witkoff of World Liberty Financial will serve as the new chairman, with Zak Folkman participating as a board observer.
The post Eric Trump Joins ALT5 Sigma Board as Company Raises $1.5 Billion for WLFI Treasury appeared first on Coin Edition.
Read More
AAVE Breaks Resistance as DeFi Market Hits Record $219B Size