Eric Trump will no longer serve as director of Alt5 Sigma due to Nasdaq compliance requirements

According to Bijie.com, on September 10 (UTC+8), Alt5 Sigma disclosed in a document submitted to the SEC that Eric Trump, who was originally planned to serve as a director of the company, will no longer serve as a director, but will instead become an observer of the board of directors. The company said the adjustment was made in compliance with its listing rules after discussion with Nasdaq, but did not specify specific terms. Meanwhile, World Liberty Financial co-founder and COO Zak Folkman will be appointed as director upon shareholder approval. It is worth noting that the official website of Alt5 Sigma still shows that Eric Trump is a director, which is different from the official documents.