AI Financial, a Trump family-backed crypto firm formerly known as ALT5 Sigma, has sold its Canadian subsidiary ALT5 Sigma Canada to New York-based financial company Prime Delta. According to a Friday SEC filing, AI Financial will receive a $12 million secured promissory note and approximately 11.6 million shares of Prime Delta stock in exchange for the sale. The filing did not disclose the specific reasons behind the transaction. The news was originally reported by Reuters.
Trump family-backed crypto firm AI Financial, formerly known as ALT5 Sigma, has sold its Canadian subsidiary ALT5 Sigma Canada to Prime Delta, a New York-based financial company.
According to a Friday SEC filing by AI Financial, the company will receive a $12 million secured promissory note and roughly 11.6 million shares of Prime Delta stock in exchange for the sale. The filing did not disclose the specific reasons behind the transaction. (Reuters)
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