Trump-Linked Fintech Sells Core Unit After Spectacular Slide Arabian Post
The Las Vegas-based company, formerly known as ALT5 Sigma Corp, completed the sale of Quebec-based ALT 5 Sigma Canada Inc to privately held Prime Delta Corp on August 3. AI Financial will receive a $12 million secured note and 11,551,750 restricted Prime Delta shares as consideration.
The arrangement does not provide AI Financial with $12 million in immediate cash. Prime Delta is due to pay $1 million on August 11, while the remaining $11 million will be repaid through amounts equivalent to 20% of post-closing equity financings or through four annual instalments of $2.75 million beginning in August 2027. The note carries annual interest of 4% and is secured against Prime Delta's assets.
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