ALT5 Sigma (ATLS) Soars 11% Ahead of WLFI Token Launch

We recently published 10 Big Names With Surprising Gains. ALT5 Sigma Corp. (NASDAQ:ALTS) is one of the top performers of last week.

Shares of ALT5 Sigma rallied by as much as 11.6 percent on Monday before paring gains to close at $6.8 apiece as investors snapped up shares ahead of the official launch of the World Liberty Financial (WLFI) cryptocurrency.

WLFI, 7.5 percent owned by ALT5 Sigma Corp. (NASDAQ:ALTS) through a recent financial and strategic alliance, is set to debut on the cryptocurrency market on September 1 at 8 AM Eastern Time.

Upon debut, WLFI will unlock 20 percent of its total supply, while the remainder will be subject to community governance or extended vesting periods.

The launch followed ALT5 Sigma Corp.’s (NASDAQ:ALTS) investment of $1.5 billion in WLFI through a private deal with World Liberty Financial, Inc.

Under the agreement, ALT5 Sigma Corp. sold 100 million of its common shares at a price of $7.5 apiece, payment of which has been made in the form of WLFI tokens.

The transaction effectively established a WLFI treasury for ALT5 Sigma Corp. (NASDAQ:ALTS).

Following the transactions, World Liberty Financial co-founder and CEO Zach Witkoff became the chairman of ALT5 Sigma Corp.’s (NASDAQ:ALTS) board of directors, while Eric Trump, son of President Donald Trump, became a director of the company.

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