ALT5 Sigma Corporation(US:ALTS) Businesswire·2025-12-05 23:42Core Viewpoint - Hagens Berman has initiated an investigation into ALT5 Sigma Corporation due to significant regulatory and management failures that resulted in the company's stock plummeting nearly 80% [1]. Investigation Focus - The investigation centers on whether ALT5 misled investors regarding the stability and reliability of its financial reporting and internal controls, particularly in relation to its $1.5 billion registered offering in mid-August [2][4]. - The investigation also examines the integrity of ALT5's financial records and whether the C-Suite intentionally concealed the severity of regulatory and control issues [3]. Sequence of Events - Shortly after the $1.5 billion capital raise, ALT5 disclosed a judgment against a subsidiary for money laundering, leading to a management overhaul, including the firing of the CEO and CFO, and the resignation of the auditor [5][6]. - On November 12, 2025, ALT5 announced it would not file its quarterly report on time due to ongoing reviews and auditor delays [6]. - The company's outside auditor resigned on the same day the CFO was terminated [7]. Call to Action - Hagens Berman is actively advising investors who suffered losses due to ALT5's alleged financial reporting failures and encourages them to contact the firm [8].