ALT5 Sigma Corporation Price & Performance (ALTS)

JanOne Inc. is undergoing a major transformation, rebranding as ALT5 Sigma effective July 15, 2024, and shifting its Nasdaq ticker from JAN to ALTS. The move highlights a strategic pivot toward fintech, following the acquisition of blockchain platform ALT5 Sigma, while maintaining its biotech focus on non-addictive pain management.12

ALT5 Sigma, a subsidiary of JanOne Inc., posted a 91% year-over-year surge in transaction volume for April and May 2024, reaching $289 million. The company attributes this growth to increased cryptocurrency adoption and the ease of integration of its B2B payment solutions across industries.34

JanOne Inc. faces uncertainty as it is flagged as potentially delisted, with recent trading activity showing a 52-week price range between $1.90 and $3.49. The company’s market capitalization has dropped to $20 million, raising questions about its long-term viability and liquidity.25