BlockBeats News, September 10th, according to Forbes report, WLFI Treasury company Alt5 Sigma disclosed in a filing to the U.S. Securities and Exchange Commission (SEC) that, following discussions with Nasdaq, to comply with its listing rules, Eric Trump, son of former President Trump, will instead serve as a board observer, while Folkman will join the board as a director pending shareholder approval.
The filing did not specify which Nasdaq rule prompted this change, and the company did not provide further explanation.
Alt5 Sigma, World Liberty Financial, and Eric Trump did not respond to Forbes' request for comment, and a Nasdaq spokesperson declined to comment.