AI Financial Corporation, the Nasdaq-listed company formerly known as Alt5 Sigma, is in early-stage negotiations to sell its core payments subsidiary to Perpetuals.com for up to $15 million. Perpetuals.com signed a non-binding term sheet around July 7, 2026, to acquire Alt5 Sigma Canada, Inc., the payments arm at the center of the proposed deal.
No final agreement has been reached. Perpetuals.com is still conducting due diligence, which means this could still fall apart in any number of ways.
A company with a complicated past
AI Financial Corporation trades on Nasdaq under the ticker AIFC. About a year ago, the company went through a dramatic restructuring via a $750 million transaction. That deal resulted in over $500 million flowing to the Trump family, a detail that drew significant attention at the time.
Now the company appears to be shedding its payments business at a fraction of that earlier headline figure. Selling a core subsidiary for up to $15 million after being at the center of a $750 million deal is a notable markdown.
