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2d ago

ALT5 Sigma, Jon Isaac Deny Reported SEC Review Tied to Trump-Linked Deal, Shares Drop

Public filings show Isaac held a consulting role before converting a promissory note into ALT5 shares.

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Overview

  • Media reports say the SEC is reviewing trading and earnings-related activity involving Jon Isaac and others, with no public announcement or charges to date.
  • ALT5 Sigma said it is unaware of any investigation and disputed claims that Isaac has held leadership roles at the company.
  • Isaac also denied being ALT5’s president or under SEC investigation and described himself as a shareholder supporting the firm.
  • A December SEC filing shows a two-year consulting agreement starting in March 2024 and a conversion of a $540,000 note plus interest into 465,753 ALT5 shares in December 2024.
  • ALT5’s stock fell 10.5% Tuesday and slid further after hours, following scrutiny of its $1.5 billion arrangement with World Liberty Financial, which has drawn political attention from Democratic lawmakers.