JanOne Closes Acquisition of ALT 5 Sigma Inc., a Leading Next Generation Blockchain Fintech

PR Newswire05-17

LAS VEGAS, May 16, 2024 /PRNewswire/ -- JanOne Inc. (Nasdaq: JAN) announced today it has closed its previously announced acquisition of blockchain financial technology provider, ALT 5 Sigma Inc., and ...

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(Nasdaq: JAN) announced today it has closed its previously announced acquisition of blockchain financial technology provider, ALT 5 Sigma Inc., and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/janone-closes-acquisition-alt-5-200000577.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JanOne Closes Acquisition of ALT 5 Sigma Inc., a Leading Next Generation Blockchain Fintech</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJanOne Closes Acquisition of ALT 5 Sigma Inc., a Leading Next Generation Blockchain Fintech\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-17 04:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/janone-closes-acquisition-alt-5-200000577.html><strong>PR Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LAS VEGAS, May 16, 2024 /PRNewswire/ -- JanOne Inc. (Nasdaq: JAN) announced today it has closed its previously announced acquisition of blockchain financial technology provider, ALT 5 Sigma Inc., and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/janone-closes-acquisition-alt-5-200000577.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4120","symbol_name":"环境与设施服务","start_time":0,"source_url":"https://finance.yahoo.com/news/janone-closes-acquisition-alt-5-200000577.html","article_id":"2436981198","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/_RP1ltKhTypONP00SvjNQQ--~B/aD05MTt3PTQwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/prnewswire.com/d293d8e3d822a89f0cb63a92967c048a"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/janone-closes-acquisition-alt-5-200000577.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2436981198","pubTimestamp":1715889600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"LAS VEGAS, May 16, 2024 /PRNewswire/ --JanOne Inc.  announced today it has closed its previously announced acquisition of blockchain financial technology provider, ALT 5 Sigma Inc., and each of its wholly-owned subsidiaries.\"We are delighted to have closed this acquisition and to be able to welcome ALT 5 officially into the JanOne family,\" said Tony Isaac, President and CEO of JanOne Inc. \"This opens an exciting chapter of diversification and growth of JanOne. We will now work closely together with the team at Alt 5 to identify opportunities for growth of the overall company.\". About JanOne Inc.— JanOne is a unique Nasdaq-listed company offering innovative, actionable solutions intended to help end the opioid crisis. JanOne is dedicated to funding resources toward innovation, technology, and education to find a key resolution to the national opioid epidemic, which is one of the deadliest and most widespread in the nation's history. Its drugs in the clinical trial pipeline have shown pr","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4120":"环境与设施服务","BK4139":"生物科技","ALT":"Altimmune, Inc.","FTVI":"Fintech Acquisition Corp VI","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC"},"translate_title":"JanOne完成对领先的下一代区块链金融科技公司ALT 5适马公司的收购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALT":1,"FTVI":1,"JAN":1},"content_text":"LAS VEGAS, May 16, 2024 /PRNewswire/ -- JanOne Inc. (Nasdaq: JAN) announced today it has closed its previously announced acquisition of blockchain financial technology provider, ALT 5 Sigma Inc., and each of its wholly-owned subsidiaries.\n\n  \n\nLaunched in 2018, ALT 5 is a fintech that provides next generation blockchain-powered technologies to enable a migration to a new global financial paradigm. ALT 5, through its subsidiaries, offers two main platforms to its customers: \"ALT 5 Pay\" and \"ALT 5 Prime.\" ALT 5 Pay is a crypto-currency payment gateway and ALT 5 Prime is an electronic over-the-counter trading platform. For more details concerning ALT 5 and its platforms and business, please visit https://alt5sigma.com/.\n\"We are delighted to have closed this acquisition and to be able to welcome ALT 5 officially into the JanOne family,\" said Tony Isaac, President and CEO of JanOne Inc. \"This opens an exciting chapter of diversification and growth of JanOne. We will now work closely together with the team at Alt 5 to identify opportunities for growth of the overall company.\"\nMr. Andre Beauchesne, President of ALT 5 Sigma Inc., stated, \"We are excited to become part of the JanOne public company family. With the completion of this transaction, we will continue to work diligently on expanding our business and leveraging the many benefits of being part of a NASDAQ publicly listed company.\" Andre further noted that, \"ALT 5's transactional processing volume exceeded $1.1 billion last year and was greater than $450 million just in the first quarter of this year. Having built that base of business provides us with a strong starting point for future growth.\"\nOverview of the transactionAt closing, JanOne issued to the former stockholders of ALT 5 an aggregate of (i) 1,799,100 shares of its common stock, which represents approximately 19.9% of JanOne's issued and outstanding common stock as of May 10, the date on which the definitive agreements were executed and delivered and the parties were bound, and (ii) 34,207 shares of its Series B non-convertible, non-redeemable preferred stock. ALT 5 Sigma Inc. and its subsidiaries are now wholly-owned subsidiaries of JanOne.\nAdditional details about the acquisition can be found on JanOne's website at https://ir.janone.com/sec-filings or in JanOne's filings with the Securities and Exchange Commission at https://www.sec.gov/edgar/browse/?CIK=862861&owner=exclude.\nAbout JanOne Inc. — JanOne is a unique Nasdaq-listed company offering innovative, actionable solutions intended to help end the opioid crisis. JanOne is dedicated to funding resources toward innovation, technology, and education to find a key resolution to the national opioid epidemic, which is one of the deadliest and most widespread in the nation's history. Its drugs in the clinical trial pipeline have shown promise for their innovative targeting of the causes of pain as a strategic option for physicians averse to exposing patients to addictive opioids.\nAbout Alt 5 Sigma Inc. ALT 5 Sigma is a global fintech that provides next generation blockchain powered technologies for the trading, clearing, settlement, payment, and custodianship of digital instruments. ALT 5 was founded by financial industry specialists out of the necessity to provide the digital asset economy with security, accessibility, transparency, and compliance. ALT 5 provides its clients with the ability to buy, sell and hold digital assets in a safe and secure environment deployed with the best practices of the financial industry. ALT 5 Sigma products and services are available to Banks, Broker Dealers, Funds, Family Offices, Professional Traders, Merchants, Digital Asset Exchanges, Digital Asset Brokers, Blockchain Developers, and Financial Information Providers.\nPlease visit www.janone.com and https://alt5sigma.com/ for additional information.\nForward Looking Statements\nThis press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the statements that JAN 101 will treat PAD, that JAN 123 will treat CRPS, the timing of the commencement of clinical trials, that the FDA will permit approval through a 505(b)(2) pathway for JAN 123, that upon approval JAN 101 will immediately disrupt the PAD market, and other statements, including words such as \"continue\", \"expect\", \"intend\", \"will\", \"hope\" \"should\", \"would\", \"may\", \"potential\" and other similar expressions. This press release also contains statements and links relating to the profitability and prospective growth of ALT 5's platforms and business, including, but not limited to international currency risks, third-party or customer credit risks, liability claims stemming from Alt 5's services, and technology challenges for future growth or expansion. Such statements reflect JanOne's current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by JanOne, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.\nMany factors could cause JanOne's actual results, performance or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others, those detailed in the Company's periodic reports filed with the Securities and Exchange Commission (the \"SEC\"). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled \"Risk Factors\" in JanOne's filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and JanOne does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. JanOne cannot assure that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.\nMedia Contact Investor RelationsIR@janone.com1-800-400-2247\n View original content to download multimedia:https://www.prnewswire.com/news-releases/janone-closes-acquisition-of-alt-5-sigma-inc-a-leading-next-generation-blockchain-fintech-302148282.html\nSOURCE JanOne Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2436981198"}