AI Financial Corp (formerly ALT5 Sigma, ticker AIFC.O) has sold its Canadian subsidiary ALT5 Sigma Canada to New York-based PrimeDelta Corp, according to a Friday filing with the U.S. Securities and Exchange Commission (SEC). The consideration includes a $12 million secured promissory note — $1 million due next week and the balance payable in installments — plus roughly 11.6 million shares of PrimeDelta stock. The filing did not state a reason for the transaction, and neither party was immediately available for comment outside normal business hours.
AI Financial Corp, a fintech company formerly known as ALT5 Sigma and trading under ticker AIFC.O, has sold its Canadian subsidiary ALT5 Sigma Canada to New York-based PrimeDelta Corp.
Under the terms disclosed in a Friday filing with the U.S. Securities and Exchange Commission (SEC), the consideration consists of a $12 million secured promissory note — $1 million of it due next week and the balance payable in installments — along with roughly 11.6 million shares of PrimeDelta stock.
The filing did not state a reason for the sale. Neither party was immediately available for comment outside normal business hours.
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