Nasdaq has designated Alt5 Sigma as a non-compliant company, stating that it "no longer meets the standards for continued listing."

According to Mars Finance, Nasdaq has added Alt5 Sigma, which has ties to the Trump family, to its list of "competent companies" because it has not yet filed its Q3 2025 10-Q report with the SEC. Nasdaq stated that the company "no longer meets the standards for continued listing." Under the relevant rules, Alt5 Sigma must submit a plan to restore compliance by January 20, 2026, and if approved, will be granted a maximum of 180 days to rectify the situation. Alt5 Sigma stated that this notification was expected and will not affect its stock trading on Nasdaq in the short term. The report mentions that the company's quarterly report delay is related to several issues raised in documents filed in August of this year, including management compensation, board restructuring, articles of incorporation amendments, a subsidiary's ruling in Rwanda, and the personal bankruptcy of its former CFO. Its independent auditor, Hudgens CPA, resigned on November 21, further delaying the financial report. Alt5 Sigma amassed $1.5 billion in WLFI tokens earlier this year through a deal involving the Trump family's crypto project, World Liberty Financial (WLFI), and granted the project a seat on the company's board of directors. The deal and its chaotic governance have drawn market attention. As of Tuesday's close, Alt5 Sigma's 728 million WLFI tokens were valued at approximately $1.2 billion, far exceeding its market capitalization of $191 million; the company's stock closed at $1.56 that day, a drop of over 80% from when the WLFI deal was announced.