As part of its efforts to address the opioid issue, Las Vegas, Nevada-based JanOne Inc. (Nasdaq: JAN) plans to purchase ALT 5 Sigma Inc., a Delaware corporation that offers blockchain finance technology, together with all of its wholly-owned subsidiaries.
The deal is subject to normal closing conditions and any applicable regulatory procedures, and it is expected to conclude during the week of May 13th, 2024.
ALT 5, a fintech founded in 2018, offers its clients next-generation blockchain-powered platforms:
About JanOne
Tony’s Isaac, the company’s president and CEO, leads JanOne in providing practical solutions aimed at resolving the opioid issue. Its novel approach to addressing the causes of pain in clinical trials has demonstrated the promise of its medications as a tactical choice for doctors who are reluctant to expose their patients to addictive opioids.
About ALT 5 Sigma
With ALT 5 Pay’s checkout widgets and APIs, registered and approved global merchants can integrate the ALT 5 Pay payment platform into their operations or applications. Alternatively, they can use the plugin with WooCommerce to accept and make crypto-currency payments.
The electronic over-the-counter trading platform ALT 5 Prime allows approved and registered users to purchase and sell digital assets. Consumers may use fiat to buy digital assets, and they can also sell digital assets and get fiat in return.
The amount of transactions processed by ALT 5 surpassed $1.1 billion in calendar year 2023 and $450 million in the first quarter of 2024.
