Fintech company ALT5 Sigma regains some ground after Tuesday's slide

AI Financial

20/08/2025 11:02

** Shares of fintech company ALT5 Sigma ALTS.O rise 5.1% to $5.76 premarket

** ALTS slid 10.5% on Tuesday after The Information reported U.S. SEC is investigating the company

** "The company has no knowledge of any current investigation regarding its activities by the U.S. SEC," ALTS says in a post on X.com

** ALTS had announced on August 11 a $1.5 billion registered stock deal and concurrent private placement to buy $WLFI tokens from World Liberty Financial, a crypto venture backed by U.S. President Donald Trump's family

** Billionaire Steve Cohen's Point72 Asset Management disclosed a stake in ALTS in a filing late on Monday

** Trading firm Jane Street and hedge fund Citadel Adivsors also reveal stakes in ALTS in separate filings on Tuesday

** As of last close, ALTS up about 18% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)

 ((Shashwat.Chauhan@thomsonreuters.com))