AI Financial in Talks to Sell Core Payments Business for Up to $15 Million

According to The Wall Street Journal, AI Financial Corporation, the Nasdaq-listed firm formerly known as ALT5 Sigma, is negotiating with blockchain company Perpetuals.com to sell its profitable payments subsidiary Alt5 Sigma Canada Inc. for up to $15 million. The proposed deal structure includes $5 million in upfront stock payment, up to $10 million in performance-linked consideration, and assumption of the company's debts.

The potential sale marks a significant reversal for AI Financial, which became closely tied to World Liberty Financial, a decentralized finance project promoted by members of the Trump family. The company had raised substantial capital to acquire WLFI tokens, shifting its strategic focus toward the Trump-linked crypto venture. However, financial results have deteriorated sharply: AI Financial's shares have declined over 90%, while its WLFI token holdings have lost approximately 70% in value. The company's market capitalization has fallen to roughly $80 million, reflecting the gap between its earlier crypto-focused fundraising narrative and the current valuation of its core operating business.