ALT5 Sigma Corporation (NASDAQ: ALTS) has announced a $100 million stock buyback program, targeting up to 50 million shares, or about 40% of its issued shares, when prices fall below net asset value. This initiative aims to capitalize on valuation discounts and enhance shareholder value. Additionally, ALT5 will continue purchasing WLFI tokens in the secondary market, currently holding 7.3 billion tokens valued at $1.5 billion. The company has secured a $15 million loan from World Liberty Financial to support these strategies, with potential for further financing leveraging its $1.6 billion balance sheet. CEO Tony Isaac emphasized the management's confidence in the company's long-term value and strategic direction.
ALT5 Sigma Approves $100M Share Buyback and WLFI Token Accumulation
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