JanOne acquires Alt 5 Sigma for ~$16M in equity; Alt 5 becomes wholly-owned subsidiary

AI Financial Corp

Consideration: ~1.8M JanOne common shares (19.9% of outstanding) valued at $4.14/share, plus 34,207 Series B Preferred shares ($250 liquidation preference each).
Alt 5 operates blockchain payment gateway ALT 5 Pay and OTC trading platform ALT 5 Prime for digital assets.
Closing occurred May 15, 2024; financial statements of Alt 5 to be filed by July 31, 2024.
3,200 shares of Series M Preferred stock issued to finders in connection with the transaction.

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