JanOne Announces Plan to Enhance Stockholder Value Through Strategic Realignment

-The board has authorized a strategic assessment of the biotech belongings and ALT5 Sigma being the core focus going forward-

-The corporate is intending a reputation and inventory image change to mirror this decision-

LAS VEGAS, July 10, 2024 /PRNewswire/ — JanOne Inc. (Nasdaq: JAN), a multidisciplinary group with a deal with fintech and healthcare, has introduced plans to reinforce stockholder worth by means of a visionary strategic realignment, entailing a redeployment of biotech belongings and a change of its identify.

The plan, unanimously authorized by the corporate’s board and following the Might acquisition of fintech innovator, ALT5 Sigma, is meant to finish a strategic assessment with the objective of monetizing the corporate’s biotech belongings.  The corporate will discover quite a lot of options that would embrace a partial or full spin-off, entry into a number of strategic alliances, or negotiation of a partial or full sale, whereas specializing in the just lately acquired, ALT5 Sigma fintech as the corporate’s core engine for income progress.

Tony Isaac, JanOne’s CEO, said “the corporate’s technique continues to be to reinforce worth for stockholders each from the latest ALT5 acquisition and the potential monetization of the biotech belongings.  Within the quick few weeks since closing the ALT5 acquisition, we’ve got seen a major enhance within the funnel of alternatives for ALT5, which made the choice to extend the deal with that enterprise a straightforward one.”  Including, “We’re profiting from our strategic choices and persevering with to maneuver swiftly towards unlocking the complete potential of either side of our firm.”

In reference to the realignment, the corporate will change its identify from JanOne Inc. to ALT5 Sigma Company.  Its ticker image will change from “JAN” to “ALTS”.  Additional, the corporate will change its web site tackle from “janone.com” to “alt5sigma.com.”  The corporate will present the timing of those adjustments in a subsequent press launch.

In Might, the corporate accomplished the acquisition of blockchain fintech supplier, ALT5 Sigma Inc., and its subsidiaries.  ALT5 offers subsequent era blockchain-powered applied sciences to allow a migration to a brand new international monetary paradigm by means of ALT5 Pay, a crypto-currency fee gateway, and ALT5 Prime, an digital over-the-counter buying and selling platform.

As beforehand introduced final August for its biotech enterprise, the corporate was awarded a US patent for its modern formulation of low-dose naltrexone, Jan123, for treating ache.

Vay Tham, JanOne’s Chief Income Officer and President of ALT5 Sigma, Inc., its wholly-owned subsidiary, commented, “At present’s adjustments spotlight the rising alternatives we see inside JanOne.  By in search of to uncouple the 2 companies, every with their very own distinctive alternatives and necessities, they may have the ability to attain their true market potentials with out constraints.”

Marking the brand new strategic actions, JanOne CEO Isaac noticed, “Whereas our biotech’s trajectory stays on observe, we’ve got diversified into fintech for the advantage of our stockholders.  Now we have confirmed once more that we will transfer rapidly, which is the attribute of getting an modern management staff and a nimble firm that responds rapidly to alternatives that turn into accessible to us.  We proceed to work on this method towards our objective of unlocking stockholder worth.”

About JanOne

JanOne is a singular Nasdaq-listed multidisciplinary group with a deal with healthcare and fintech.  JanOne is likely one of the constituents of the Russell Microcap Index, beginning June 28, 2024.  By means of its biotech actions, JanOne is creating modern, actionable options meant to assist finish the opioid disaster.  JanOne is devoted to funding assets towards innovation, expertise, and training to discover a key decision to the nationwide opioid epidemic, which is likely one of the deadliest and most widespread within the nation’s historical past.  Its medicine within the scientific trial pipeline have proven promise for his or her modern focusing on of the causes of ache as a strategic choice for physicians averse to exposing sufferers to addictive opioids.

JanOne’s ALT5 subsidiary is a world fintech that gives subsequent era blockchain powered applied sciences for the buying and selling, clearing, settlement, fee, and custodianship of digital devices.

Please go to www.janone.com for added info.

About ALT5

Launched in 2018, ALT5 Sigma Inc. is a fintech firm that gives subsequent era blockchain- powered applied sciences to allow a migration to a brand new international monetary paradigm.  ALT5, by means of its subsidiaries, gives two principal platforms to its prospects: “ALT5 Pay” and “ALT5 Prime”.  The Firm processed over US$1.2 billion in cryptocurrency transactions in 2023.

ALT5 Pay is a crypto-currency fee gateway that permits registered and authorized international retailers to just accept and make crypto-currency funds or to combine the ALT5 Pay fee platform into their software or operations utilizing the plugin with WooCommerce and or ALT5 Pay’s checkout widgets and APIs.  Retailers have the choice to transform to fiat forex (s) robotically or to obtain their fee in digital belongings.

ALT5 Prime is an digital over-the-counter buying and selling platform that permits registered and authorized prospects to purchase and promote digital belongings.  Prospects should buy digital belongings with fiat and, equally, can promote digital belongings and obtain fiat.  ALT5 Prime is offered by means of a browser-based entry cell phone software named “ALT5 Professional” that may be downloaded from the Apple App Retailer, from Google Play, by means of ALT5 Prime’s FIX API, in addition to by means of Broadridge Monetary Options’ NYFIX gateway for authorized prospects.

Ahead Trying Statements

This press launch accommodates statements which can be forward-looking statements as outlined throughout the Personal Securities Litigation Reform Act of 1995, together with, however not restricted to, statements referring to the statements that JAN 101 will deal with PAD, that JAN 123 will deal with CRPS, the timing of the graduation of scientific trials, that the FDA will allow approval by means of a 505(b)(2) pathway for JAN 123, that upon approval JAN 101 will instantly disrupt the PAD market, and different statements, together with phrases equivalent to “proceed”, “anticipate”, “intend”, “will”, “hope”, “ought to”, “would”, “could”, “potential”, and different related expressions.  This press launch additionally accommodates statements and hyperlinks referring to the profitability and potential progress of ALT5’s platforms and enterprise, together with, however not restricted to worldwide forex dangers, third-party or buyer credit score dangers, legal responsibility claims stemming from ALT5’s providers, and expertise challenges for future progress or enlargement.  Such statements mirror JanOne’s present view with respect to future occasions, are topic to dangers and uncertainties, and are essentially primarily based upon quite a few estimates and assumptions that, whereas thought-about affordable by JanOne, are inherently topic to important enterprise, financial, aggressive, political, and social uncertainties, and contingencies.

Many components might trigger JanOne’s precise outcomes, efficiency, or achievements to be materially completely different from any future outcomes, efficiency or achievements described on this press launch.  Such components might embrace, amongst others, these detailed within the Firm’s periodic reviews filed with the Securities and Trade Fee (the “SEC”).  Ought to a number of of those dangers or uncertainties materialize, or ought to the assumptions set out within the part entitled “Danger Elements” in JanOne’s filings with the SEC underlying these forward-looking statements show incorrect, precise outcomes could differ materially from these described herein.  These forward-looking statements are made as of the date of this press launch and JanOne doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements, besides as required by regulation.  JanOne can’t guarantee that such statements will show to be correct as precise outcomes and future occasions might differ materially from these anticipated in such statements.  People are cautioned that forward-looking statements are usually not ensures of future efficiency and accordingly buyers are cautioned to not put undue reliance on forward-looking statements because of the inherent uncertainty therein.

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