Eric Trump removed from ALT5 Sigma board following Nasdaq rule compliance requirements

Group 1 - Eric Trump was removed from ALT5 Sigma Corporation's board of directors due to Nasdaq listing rule requirements, with the specific rule not disclosed [1] - Trump now serves as a board observer, and Zachary Folkman was also moved to observer status but later nominated as a new director, pending stockholder approval [2] - The board changes are a result of ALT5 Sigma's $1.5 billion financing deal with World Liberty Financial, which allowed World Liberty Financial to nominate two directors [3] Group 2 - The partnership has transformed ALT5 Sigma from a small payments company into a crypto treasury vehicle supporting the Trump-backed project, with WLFI serving as the governance token [4] - ALT5 Sigma is facing challenges, including a special committee review of undisclosed matters and potential misstatements in financial statements, along with criminal liability findings for its Rwandan subsidiary related to money laundering [5] - Despite governance changes, ALT5 Sigma maintains its strategic partnership with World Liberty Financial, connecting the publicly-traded company to the Trump family's crypto venture [6]