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The CEO of WLFI Reserve Company ALT5 Sigma has been suspended, and the company's stock price has fallen 83% from its 52-week high.
On October 23, Peter Tassiopoulos, the CEO of the publicly listed company ALT5 Sigma, which recently announced the adoption of the WLFI reserve strategy, has been suspended by the board and relieved of his paid position, with Jonathan Hugh appointed as the interim CEO, effective immediately. This management change comes as the company's stock price has fallen nearly 20% over the past week, and has dropped 83% from its 52-week high of $10.95. The company's next financial report will be released on November 18.