Why ALT5 Is Buying Back Shares While Increasing WLFI Exposure
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- ALT5 Sigma Corporation approved up to $100M in share buybacks, covering nearly 40% of shares.
- The company entered a $15 million loan agreement to begin executing buybacks and related initiatives.
- ALT5 also authorized additional purchases of WLFI tokens, expanding its digital asset exposure.
ALT5 Sigma Corporation has approved a major share buyback plan as it looks to address what it sees as a wide gap between its market value and underlying assets.
The company said its board has authorized up to $100 million for repurchasing shares below net asset value, covering as many as 50 million shares. That represents roughly 40% of outstanding shares and about 22% on a fully diluted basis, according to company filings.
The decision comes as ALT5 reports a balance sheet valued at more than $1.6 billion, based on its most recent quarterly filing.
Financing and Near-Term…
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Why ALT5 Is Buying Back Shares While Increasing WLFI Exposure
Share:
- ALT5 Sigma Corporation approved up to $100M in share buybacks, covering nearly 40% of shares.
- The company entered a $15 million loan agreement to begin executing buybacks and related initiatives.
- ALT5 also authorized additional purchases of WLFI tokens, expanding its digital asset exposure.
ALT5 Sigma Corporation has approved a major share buyback plan as it looks to address what it sees as a wide gap between its market value and underlying assets.
The company said its board has authorized up to $100 million for repurchasing shares below net asset value, covering as many as 50 million shares. That represents roughly 40% of outstanding shares and about 22% on a fully diluted basis, according to company filings.
The decision comes as ALT5 reports a balance sheet valued at more than $1.6 billion, based on its most recent quarterly filing.
Financing and Near-Term…
Read The Full Article Why ALT5 Is Buying Back Shares While Increasing WLFI Exposure On Coin Edition.
In This News
Coins
$ 0.124
+22.8%Share:
In This News
Coins
$ 0.124
+22.8%Share:
Read More
World Liberty Financial Price Prediction: WLFI Consolidates After January Spike in Open Interest