ALT5 Sigma $1.5B WLFI Treasury Plan Cause 26% Drop

ALT5 Sigma don show one $1.5 billion WLFI token treasury plan, e go issue up to 100 million ATLS shares for $7.50 each through registered direct offering and private placement. As per the deal, the company go collect $750 million for WLFI governance tokens at $0.20 each plus $750 million in cash, wey go make dem get 7.5% stake inside the total WLFI supply. Dem also appoint some new governance people like World Liberty Financial co-founders Zach Witkoff and Eric Trump, board observer Zak Folkman, and the incoming CIO Matt Morgan. WLFI, wey dem launch as non-transferable governance token last October 2024 with USD-pegged stablecoin wey go follow come March 2025, e still dey locked well well even though dem hold vote for middle July to make trading open more. Investors see the WLFI token lockup and execution risk make dem push ALT5 shares down 26% to $6.60, wey wipe out recent gains. Company filings talk say if dem no fit get WLFI tokens on better terms, e fit spoil the treasury plan and make dem move assets around. The sharp drop for the shares show say people no too gree with WLFI liquidity and the wahala with execution, as e dey test ALT5 crypto treasury plan.