Nasdaq Tells Trump Crypto Partner Alt5 Sigma It 'No Longer Meets' Listing Requirements After Missed Report

https://www.msn.com/en-us/money/companies/nasdaq-tells-trump-crypto-partner-alt5-sigma-it-no-longer-meets-listing-requirements-after-missed-report/ar-AA1RAJuc



Nasdaq notified Alt5 Sigma — a partner with the Trumps’ World Liberty Financial crypto venture — that it is noncompliant for failing to file its third-quarter report, with no immediate impact on its listing and a Jan. 20, 2026, deadline to submit a plan to regain compliance, amid apparent discrepancies in recent Securities and Exchange Commission filings about its auditor and the CEO’s suspension.

Nasdaq has placed Alt5 Sigma on its list of “noncompliant companies” after the firm has failed to yet file a report for the third quarter of 2025, a Form 10-Q, with the SEC. Nasdaq sent Alt5 Sigma a letter notifying the company it “no longer meets the continued listing requirements” due to its failure to yet submit the report, according to a press release the company made Tuesday after markets closed.

According to Alt5 Sigma, under Nasdaq’s rules, it has until Jan. 20, 2026, to submit a plan “outlining its strategy to regain compliance” — if Nasdaq accepts the plan, Alt5 Sigma states it “may be granted an extension of up to 180 calendar days” from the original deadline to get back into compliance. Alt5 Sigma notes the letter was “expected” and “does not immediately impact the listing or trading of the company’s common shares on Nasdaq.”

Alt5 Sigma accumulated $1.5 billion of World Liberty Financial cryptocurrency in August as part of a circular deal that routed more than an estimated $500 million to an entity affiliated with President Donald Trump. A spokesperson for Alt5 Sigma and World Liberty Financial did not immediately respond to a request for additional comments, while a Nasdaq spokesperson referred an inquiry to its website’s information on noncompliant companies and Alt5 Sigma.

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