Nasdaq has designated Alt5 Sigma as a non-compliant company, stating that it "no longer meets the standards for continued listing."

According to Odaily Planet Daily, Nasdaq has added Alt5 Sigma, which has ties to the Trump family, to its list of "non-compliant companies" because it has not yet filed its Q3 2025 10-Q report with the SEC. Nasdaq stated that the company "no longer meets the standards for continued listing." Under the relevant rules, Alt5 Sigma must submit a restoration plan for compliance by January 20, 2026. If approved, it will be granted a maximum of 180 days to rectify the situation.

Alt5 Sigma stated that the notification was expected and would not affect its stock trading on Nasdaq in the short term.

The report noted that the company's quarterly report delay was related to several issues raised in an August filing, including management compensation, board restructuring, articles of association amendments, a subsidiary's ruling in Rwanda, and the former CFO's personal bankruptcy. Its independent auditor, Hudgens CPA, resigned on November 21, further delaying the financial report.

Alt5 Sigma amassed $1.5 billion worth of WLFI tokens this year through a transaction related to World Liberty Financial (WLFI), a crypto project of the Trump family, and granted the project a seat on the company's board of directors. The transaction and governance controversies have drawn market attention.

As of Tuesday's close, Alt5 Sigma's 728 million WLFI tokens were valued at approximately $1.2 billion, far exceeding its market capitalization of $191 million; the company's stock closed at $1.56 that day, a drop of over 80% from when the WLFI deal was announced. (Forbes)