Tag: Recycling

BusinessStartupsTechnology

Trump-Linked Crypto Firm Alt5 Sigma Abruptly Suspends CEO Amid Stock Plunge

Alt5 Sigma has suspended CEO Constantine Tassiopoulos amid a 74% stock decline and a controversial $1.5 billion crypto partnership with Trump’s World Liberty Financial. The firm provided no explanation for the leadership change, raising questions about the future of the high-profile alliance.

Leadership Shakeup Follows Steep Stock Decline

Alt5 Sigma Corporation has reportedly suspended CEO Constantine Tassiopoulos without explanation, according to SEC filings reviewed by financial analysts. The suspension comes as the company’s stock (NASDAQ: ALTS) closed at $2.19 on the day of the announcement, representing a dramatic 74% decline from the $8.42 price when the Trump-linked partnership was initially revealed. Sources indicate the stock has continued to struggle, closing at $2.07 in subsequent trading.

by Oliver Keaton
ManufacturingPolicy

Energy Department Withdraws $720 Million in Manufacturing Grants from Battery and Window Startups

The Department of Energy has confirmed the cancellation of $720 million in manufacturing grants awarded to startups developing battery recycling, synthetic graphite, and super-insulating window technologies. According to reports, the agency claims these projects failed to meet development milestones and adequately advance national energy objectives.

Major Funding Cancellation for Clean Energy Projects

The Department of Energy has confirmed it is canceling $720 million in manufacturing grants previously awarded to companies working on advanced battery materials, lithium-ion battery recycling, and energy-efficient building technologies. Sources indicate this decision follows a broader review of contracts established during the previous administration, with officials claiming the projects “missed milestones” and “did not adequately advance the nation’s energy needs.”

by Oliver Keaton