ALT5 Sigma Corporation (NASDAQ: ALTS) announced it has completed a $1.5 billion registered direct offering and concurrent private placement led by World Liberty Financial, Inc., marking a significant capital raise for the Nasdaq-listed company.
The offerings, finalised earlier this week, generated approximately $1.5 billion in gross proceeds before deducting placement agent fees and other expenses, according to a company statement. The transactions were priced at the market in line with Nasdaq rules.
Leadership Changes Following Investment
As part of the deal, several appointments were made to ALT5’s leadership structure. Zach Witkoff, co-founder and Chief Executive Officer of World Liberty Financial, has assumed the role of Chairman of the company’s Board of Directors.
Eric Trump joined the board as a director, while Zak Folkman, World Liberty Financial’s co-founder and chief operating officer, was named a board observer. Matt Morgan was appointed chief investment officer. The company said the offerings drew participation from major institutional investors and established cryptocurrency venture capital firms. Kraken will serve as the asset manager for the funds raised.
Regulatory and Transaction Details
The securities sold in the registered direct portion of the offering were issued under a shelf registration statement filed with the Securities and Exchange Commission on Aug. 1, 2025, and declared effective on Aug. 8. A final prospectus supplement and accompanying base prospectus for the offering were filed with the SEC on Aug. 11.
In contrast, the securities sold in the concurrent private placement were not registered under the Securities Act of 1933. They were issued under exemptions provided by Section 4(a)(2) and Rule 506(b) of Regulation D, meaning they may not be resold in the United States without registration or an applicable exemption.
