ALT5 Sigma Board Approves Major Buyback and WLFI Token Increase Plan

ALT5 Sigma Corporation (NASDAQ: ALTS) announced that its board of directors has approved a stock repurchase plan of up to $100 million, which will repurchase up to 50 million shares, approximately 40% of the outstanding shares, when trading below net asset value (NAV). The company stated that this move aims to take advantage of valuation discounts and unlock shareholder value. Additionally, the board has approved the continued accumulation of WLFI tokens in the secondary market.

ALT5 currently holds approximately 7.3 billion WLFI tokens, valued at around $1.5 billion, and is optimistic about the rapid growth of the World Liberty Financial ecosystem and its stablecoin USD1. To initiate the related plans, ALT5 has reached a $15 million loan agreement with World Liberty Financial and indicated that it may further leverage its strong balance sheet of over $1.6 billion for financing in the future. Company CEO Tony Isaac stated that this repurchase and token strategy demonstrate management's high confidence in the company's long-term value and strategic direction.