Trump-linked fintech firm AI Financial sells unit to PrimeDelta

(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)

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