Recent Updates — ALTS
August 7, 2026View Source ↗
On August 3, 2026, AI Financial Corporation sold its indirect, wholly-owned subsidiary, ALT 5 Sigma Canada, Inc., to Prime Delta Corp. The transaction consideration included a $12 million secured promissory note and 11,551,750 restricted shares of Prime's common stock. The note bears interest at 4% annually, with $1 million due on August 11, 2026, and the remaining balance payable via 20% of Prime’s post-closing equity financings or four equal annual installments of $2.75 million starting August 3, 2027. The note is secured by all of Prime’s assets and backed by three third-party guarantees. AI Financial Corporation operates in the financial services industry.