Alt5 Sigma Corporation has announced a significant update regarding its planned transaction involving the separation of its healthcare assets, Alyea Therapeutics Corporation. Scheduled for May 21, 2025, the company confirmed that the record date for this transaction would be June 2, 2025. The transaction will involve a partial or full disposition of Alt5 Sigma's interests in Alyea, with further details regarding the method of transaction, such as a split-off or spin-off, to be disclosed at a later date. This follows Alt5 Sigma's earlier disclosure and confirms key leadership appointments within Alyea, including Amol Soin, M.D., as the prospective Chief Executive Officer and Director.
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