ALT5 Sigma raises $1.5B to create first World Liberty Financial corporate treasury
ALT5 Sigma is raising $1.5 billion through a 200 million-share sale to fund a corporate treasury centered on Trump-backed World Liberty Financial tokens.
ALT5 Sigma Corporation agreed to sell 200 million shares of common stock for $1.5 billion to jumpstart its World Liberty Financial (WLFI) corporate treasury.
According to the Monday ALT5 Sigma announcement, the company has registered a direct stock offering for 100 million shares and a concurrent private placement for an additional 100 million shares. Both offerings are conducted at $7.5 per share, or $750 million each.
The announcement follows reports that World Liberty Financial (WLFI), a Trump family-backed crypto venture, is exploring the creation of a publicly traded company to hold its WLFI tokens. The firm is targeting roughly $1.5 billion in fundraising and aims to close the offering on Tuesday, Aug. 12.