ALT5 Sigma slides after $1.5 billion raise to buy crypto tokens from World Liberty

Fintech ALT5 Sigma's ALTS.O shares down 10.3% at $8.04 premarket

ALTS announces $1.5 billion registered stock deal and concurrent private placement to buy $WLFI tokens from World Liberty Financial

Overall, 200 million shares will be issued by ALTS at $7.50 apiece, implying 16.4% discount to stock's last close

World Liberty Financial, a crypto venture controlled by the family of U.S. President Donald Trump, is the lead investor in the concurrent private placement

Upon the close of offerings, ALTS will hold nearly 7.5% of $WLFI tokens

A.G.P./Alliance Global Partners was the sole placement agent for the offerings

Eric Trump will become a director on ALTS' board

As of last close, ALTS stock up 92.9% YTD