ALT5 Sigma Announces $100M Share Repurchase; Stock Jumps After Board Greenlights Large Buyback
ALT5 Sigma Corporation's shares rose sharply after its board approved a repurchase plan of up to $100 million and 50 million shares, roughly 40% of outstanding stock. Management said the buys target shares trading beneath Net Asset Value and secured a $15 million loan to initiate the program. The company also received flexibility from partner World…