Overview

• The dual offering sold 100 million shares to institutional investors for cash and 100 million in a private placement funded with WLFI tokens, all at $7.50 each
• The deal gives ALT5 control of roughly 7.5% of WLFI’s 100 billion-token supply for its corporate treasury
• Kraken has been named asset manager for the newly formed WLFI treasury strategy
• World Liberty CEO Zach Witkoff becomes ALT5 chairman and Eric Trump joins the board, with Zak Folkman as board observer and Matt Morgan as chief investment officer
• WLFI is slated to unlock for early backers after a governance vote approved tradability, a change that has rekindled conflict-of-interest and regulatory concerns