Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In ALT5 (ALTS) To Contact Him Directly To Discuss Their Options
If you purchased or acquired ALT5 stock and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.
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NEW YORK, Dec. 09, 2025 (GLOBE NEWSWIRE) --
What’s Happening:
- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against ALT5 Sigma Corp (“ALT5” or the “Company”) (NASDAQ: ALTS) on behalf of ALT5 stockholders. Our investigation concerns whether ALT5 has violated the federal securities laws and/or engaged in other unlawful business practices.
Investigation Details:
- By August 29, 2025, just weeks after closing a $1.5 billion registered direct offering, ALT5 revealed that “on May 7, 2025, the Intermediate Court of Nyarugenge, Rwanda, rendered a judgment finding ALT5 Sigma Canada Inc., a subsidiary of the Company, and its former principal, Mr. Andre Beauchesne, criminally liable for offenses including illicit enrichment and money laundering[.]” In addition, ALT5 said that it was reviewing “potential misstatements or omissions in the financial statements of the Company and omissions of material information by certain members of management and personnel of the Company.” On this news, the price of ALT5 shares declined by $2.30 per share, or approximately 29.2%, from $7.88 per share on August 29, 2025 to close at $5.58 on September 2, 2025.
- Then, on October 22, 2025, the Company announced that it had suspended CEO Peter Tassiopoulos and that CFO Jonathan Hugh had assumed Tassiopoulos’ duties. On this news, the price of ALT5 shares declined by $0.18 per share, or approximately 8.8%, from $2.04 per share on October 21, 2025 to close at $1.86 on October 22, 2025.
- Subsequently, on November 12, 2025, ALT5 disclosed that the Company would not timely file its quarterly report as a result of the ongoing review of the matters disclosed in August and delays related to the timeliness and responsiveness of its outside auditor.
- On November 26, 2025, ALT5 announced that it had fired CFO and acting CEO Hugh effective November 21. The Company also announced that its Audit Committee Chair, who joined the board in July 2025, had resigned from the board of directors and all committees on which he had served.
- Finally, on November 28, 2025, ALT5 disclosed that its outside auditor had resigned the same day the Company fired CFO and acting CEO Hugh.
Next Steps:
- If you purchased or otherwise acquired ALT5 shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities,
derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
