ALT5 Sigma Corporation (NASDAQ:ALTS) on Monday unveiled plans to raise $1.5 billion through two simultaneous share offerings, paving the way for major strategic changes and new leadership appointments.
What Happened: The Las Vegas-based fintech firm said it will sell a combined 200 million shares of common stock at $7.50 each.
Half of those will be issued in a registered direct offering to institutional investors and cryptocurrency-focused venture capital firms.
The remaining 100 million shares will be sold in a private placement to World Liberty Financial, which will provide payment in World Liberty Financial tokens.
Once the deal is finalized, expected …