JanOne Inc. (NasdaqCM:JAN) executed a Definitive Agreement to acquire Alt 5 Sigma Inc. on May 10, 2024. At closing, JanOne will issue to the former stockholders of ALT 5 1.7991 million shares of its common stock, which represents approximately 19.9% of JanOne's will issue to the outstanding common stock as of May 10, and 0.034207 million shares of its Series B non-convertible, non-redeemable preferred stock. At closing ALT 5 Sigma Inc. and its subsidiaries shall become wholly owned subsidiaries of JanOne.

The transaction is anticipated to close the week of May 13th, 2024 and is subject to customary closing conditions and regulatory requirements.