AI Financial Corp (AIFC) sold its wholly-owned subsidiary, ALT 5 Sigma Canada, to Prime Delta Corp. on August 3, 2026. In exchange, AIFC received a secured $12 million promissory note and 11,551,750 restricted shares of Prime’s common stock. The note pays 4% monthly, with $1 million due on August 11, 2026, and $11 million due either from 20% of Prime’s post-closing equity financings or, failing that, in four equal annual installments of $2.75 million starting August 3, 2027. The filing also lists Item 2.01 (financial information), but that part is not shown in the excerpt, so the actual financial statement impact isn’t visible here.
View Full Filing (SEC EDGAR)