AI Financial has sold its Canadian subsidiary to PrimeDelta

August 9th: Financial technology company AI Financial Corp (formerly known as ALT5 Sigma, stock symbol AIFC.O) has sold its Canadian subsidiary, ALT5 Sigma Canada, to New York-based PrimeDelta Corp. The transaction details include: $12 million in secured promissory notes (with $1 million due for payment next week and the rest to be paid in installments) and approximately 11.6 million shares of PrimeDelta stock.

The basis for this information is a filing the company made to the U.S. Securities and Exchange Commission (SEC) last Friday. The filing did not specify the reason for the transaction. Both parties were not immediately available for comment outside of regular business hours.