AI Financial Corporation, the Nasdaq-listed company formerly known as ALT5 Sigma, is in talks to sell its core payments business for up to $15 million. Perpetuals.com said it has signed a non-binding term sheet to explore the potential acquisition of AI Financial's profitable subsidiary, Alt5 Sigma Canada Inc. The potential sale marks a sharp reversal for a firm tied to the Trump family-linked crypto project World Liberty Financial, coming less than a year after AI Financial became closely associated with the decentralized finance venture and raised large sums to acquire WLFI tokens.
Perpetuals.com Signs Non-Binding Term Sheet for Alt5 Sigma Canada Acquisition
Perpetuals.com said it is conducting due diligence and that no final decision has been made. The Wall Street Journal reported that the deal under discussion would include $5 million in stock upfront, up to $10 million tied to performance, and the assumption or settlement of AI Financial's debts.
The proposed transaction centers on Alt5 Sigma Canada, the payments and transaction-processing unit that formed the core of AI Financial's original business before its rebrand. Perpetuals.com, a blockchain company, said the acquisition could support its growth and complement its product roadmap, but emphasized that the term sheet is non-binding.
AI Financial Shares Fall Over 90% Since WLFI Token Strategy
Reports said AI Financial's shares have fallen more than 90%, while the value of its WLFI token holdings has declined about 70%. The company's market value has reportedly dropped to around $80 million.
The company changed its Nasdaq ticker from ALTS to AIFC in April 2026 and said the rebrand reflected a broader strategic evolution. AI Financial had previously positioned itself as a bridge between payments, tokenization and AI-driven financial infrastructure.
Trump Family Crypto Links Draw Regulatory and Media Scrutiny
World Liberty Financial has been promoted by members of the Trump family. The Wall Street Journal reported that AI Financial's WLFI purchases generated about $540 million in cash for Trump-related entities, even as later investors faced steep losses.
The White House and Trump representatives have previously denied conflicts of interest, arguing that President Donald Trump's business interests are managed separately and that official actions are taken in the public interest.
FAQ
What is AI Financial Corporation selling?
AI Financial Corporation is in talks to sell its core payments business, Alt5 Sigma Canada Inc., to Perpetuals.com for up to $15 million. The deal under discussion would include $5 million in stock upfront, up to $10 million tied to performance, and the assumption or settlement of AI Financial's debts, according to the Wall Street Journal.
How much have AI Financial's shares declined?
Reports said AI Financial's shares have fallen more than 90%, while the value of its WLFI token holdings has declined about 70%. The company's market value has reportedly dropped to around $80 million.
What is the connection between AI Financial and World Liberty Financial?
AI Financial became closely associated with World Liberty Financial, the decentralized finance project promoted by members of the Trump family, less than a year ago. The company raised large sums to acquire WLFI tokens. The Wall Street Journal reported that AI Financial's WLFI purchases generated about $540 million in cash for Trump-related entities.
