(Corrects company name from Prime Delta to PrimeDelta throughout the story and in the headline, fixes description and hyperlink of PrimeDelta in bullet 3.)
Aug 7 (Reuters) – AI Financial Corp, a company closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, has sold its Canadian unit to New York-based PrimeDelta Corp, weeks after fintech firm Perpetuals.com ended talks to buy the subsidiary.
• AI Financial will receive a $12 million secured promissory note — with $1 million due next week and the rest paid over time — and about 11.6 million shares of PrimeDelta stock for the sale of ALT5 Sigma Canada, a filing with the U.S. Securities and Exchange Commission showed on Friday.
• The filing did not provide details on the rationale for the deal. AI Financial, previously known as ALT5 Sigma, and PrimeDelta could not be immediately reached for comment outside regular business hours.
• PrimeDelta is a financial platform that focuses on the tokenization of securities, as per its website.
• World Liberty Financial partnered with ALT5 Sigma in August 2025, striking a deal under which ALT5 Sigma raised $750 million by selling new shares and used $717 million of that to buy World Liberty tokens.
• That deal sent more than $500 million to the Trump family, Reuters has reported, based on the Trumps’ arrangement with World Liberty Financial.
• AI Financial’s share price has plummeted since August 11, 2025, the date of the deal, from above $9 to around 44 cents on Friday for a market value of about $61 million.
• AI Financial’s sale of ALT5 Sigma Canada to PrimeDelta comes about three weeks after Perpetuals.com said it had abandoned plans to buy the business, without giving further details.
• ALT5 Sigma sued PrimeDelta last year, alleging it was tied to a former consultant accused of misappropriating company data for a competing business — a dispute the two sides settled in December with no admission of wrongdoing by either party, SEC filings show.
(Reporting by Carlos Méndez and Chris Thomas in Mexico City; Editing by Tom Hogue and William Mallard)
