JanOne Inc. (Nasdaq: JAN), a Las Vegas, NV-based company offering solutions to help end the opioid crisis, is to acquire ALT 5 Sigma Inc., a Delaware corporation, blockchain financial technology provider, and each of its wholly-owned subsidiaries.
The transaction is anticipated to close the week of May 13th, 2024 and is subject to customary closing conditions and regulatory requirements as applicable.
Launched in 2018, ALT 5 is a fintech that provides next generation blockchain-powered platforms to its customers:
- ALT 5 Pay, a crypto-currency payment gateway that enables registered and approved global merchants to accept and make crypto-currency payments or to integrate the ALT 5 Pay payment platform into their application or operations using the plugin with WooCommerce and or ALT 5 Pay’s checkout widgets and APIs.
- ALT 5 Prime, an electronic over-the-counter trading platform, that enables registered and approved customers to buy and sell digital assets. Customers can purchase digital assets with fiat and, equally, can sell digital assets and receive fiat.
ALT 5’s transactional processing volume exceeded $1.1 billion in calendar 2023, and over $450 million in Q1 2024.
Led by President and CEO Tony Isaac, JanOne offers actionable solutions intended to help end the opioid crisis. 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.
FinSMEs
13/05/2024