Channel NewsAsia
Channel NewsAsia
AsiaPac · 1 hrs ago

Trump-linked fintech firm AI Financial sells unit to Prime Delta

Aug 7 : AI Financial Corp, a company closely affiliated with World ‌Liberty Financial, the crypto venture backed by the Trump family, has sold its Canadian unit to New York-based Prime Delta, weeks after fintech firm Perpetuals.com ended talks to buy the subsidiary. • AI Financial will receive a $12 million secured promissory note — with $1 million due next week and the rest paid over time — and about 11.6 million shares of Prime Delta stock for the sale of ALT5 Sigma Canada, an filing with the U.S. Securities and Exchange Commission showed on Friday.• The filing did not provide details on the rationale for the deal. AI Financial, previously known as ALT5 Sigma, and Prime Delta could not be immediately reached for comment outside regular business hours.• Prime Delta is a financial services
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