Eric Trump failed to serve as director of Alt5 Sigma after Nasdaq consultation
Source: PANews
Time: 2025-09-10 07:09:09
PANews reported on September 10 that according to Forbes, Alt5 Sigma originally planned to let Eric Trump join the board of directors, but after communicating with Nasdaq, it changed to serve as a board observer only, without explaining the specific reasons. Alt5 Sigma previously announced that it will raise $1.5 billion through direct and private placement to acquire $WLFI, a digital token issued by World Liberty Financial (WLF). SEC documents show that WLF was founded by Donald Trump and its three subsidiaries. The related LLC holds approximately 38% of WLF shares and 2.25 billion $WLFI tokens, and enjoys approximately 75% of the token sales revenue.