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0.000400160064025467 -0.0218309546040639 0.000133386688008423 -0.0129385087368281 0.0359699435329686 0.0246765372815792 0.0786092214663643 0.0359699435329686
Stock impact report

ALT5 Sigma Corporation Announces Board Approval to Pursue Major Stock Buyback Program and Strategic Token Acquisition Initiative

ALT5 Sigma Corporation (ALTS) 
Company Research Source: Business Wire
- Board Authorizes up to $100 million to buyback stock below Net Asset Value and up to 50 million shares- Company seeks to leverage strong balance sheet to take advantage of significant market valuation gap- Board also authorizes additional $WLFI token purchases- Company enters into $15m loan agreement to commence program LAS VEGAS--(BUSINESS WIRE)--ALT5 Sigma Corporation (NASDAQ: ALTS) (FRA:5AR1) (“ALT5” or the “Company”), a fintech company focused on digital asset infrastructure and blockchain-enabled solutions, today announced that its Board of Directors has authorized up to $100 million for a stock buyback program below Net Asset Value (NAV) and of up to 50 million shares, representing approximately 40% of all outstanding shares and 22% of shares on a fully diluted basis.The buyback program reflects management's confidence and its belief that the Company is substantially undervalued and represents a strategic deployment of ALT5 Sigma's strong balance sheet, which exceeds $1.6 b Show less Read more
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