Nasdaq Compliance Adjusts Eric Trump’s Role at Alt5 Sigma Amid $1.5B Crypto Deal

Eric Trump's anticipated board directorship at fintech firm Alt5 Sigma has been downgraded to a non-voting observer role following Nasdaq compliance discussions. The adjustment, disclosed in an August 25 SEC filing, similarly affects World Liberty Financial COO Zak Folkman, though Folkman retains future director eligibility pending shareholder approval. Nasdaq's specific rule citation remains undisclosed.

The revision coincides with Alt5 Sigma's $1.5 billion equity raise to acquire $WLFI tokens from World Liberty Financial—a crypto startup 38%-owned by Trump-linked DEFI LLC. DEFI holds 22.5 billion $WLFI tokens and stands to capture 75% of token sale proceeds. Alt5 has already purchased 7.3 billion tokens at $0.18 each, a stark premium to early investor prices of $0.015-$0.05.