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Stock impact report

Trump Memecoin Issuer Zanker Is Planning Digital Asset Treasury Company [Yahoo! Finance Canada]

ALT5 Sigma Corporation (ALTS) 
to raise at least $200 million to create a digital-asset treasury company to accumulate the struggling token, according to people familiar with the situation. Fight Fight Fight LLC, the firm run by long-time Trump friend and promoter Bill Zanker, is leading the effort, said the people, who declined to be named because the fundraising hasn't yet been announced. Ambitions are running high, with the targeted range of the funding set for as much as $1 billion, the people said. Still, the deal is in the works, and may not happen. Most Read from Bloomberg Fight Fight Fight didn't immediately return requests for comment. The White house didn't return a request for comment. The so-called DAT for the memecoin is the latest effort by Zanker to boost the price, which nosedived soon after its launch and has continued to slump. The Trump coin trades at around $8, down from a high of $44 in January, according to data compiled by CoinGecko. In May, Trump attended a dinner with top holders of Show less Read more
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