AI Financial Corp (AIFC) Form 8-K — Aug 7, 2026
On August 3, 2026, AI Financial Corporation sold its indirect wholly-owned subsidiary, ALT 5 Sigma Canada, Inc., to Prime Delta Corp. The sale price consisted of a secured $12 million promissory note plus 11,551,750 restricted shares of Prime's common stock. Note terms are back-loaded: $1 million of principal is due August 11, 2026, while the remaining $11 million is payable as an amount equivalent to 20% of Prime's post-closing equity financings, or in any event in four equal annual installments of $2.75 million starting August 3, 2027. The note carries 4% annual interest payable monthly, is secured by all of Prime's assets, and is backed by three third-party guarantees.
Key figures
- Deal Value Usd
- $12 million secured promissory note plus 11,551,750 restricted shares of Prime Delta Corp. common stock
- Interest Rate
- 4
- Shares received
- 11551750
- Shares par value
- $0.0001 per share
- Guarantees received
- 3
- Note principal upfront
- 1000000
- Note annual installment
- 2750000
- Note principal remaining
- 11000000
- Note first installment date
- August 3, 2027
- Note financing payment terms
- remaining principal payable in an amount equivalent to 20% of Prime's post-closing equity financings
- Note principal upfront due date
- August 11, 2026
Price after filing
Close on the filing date to close N calendar days later (from $0.42). Historical, not a forecast.
AI analysis
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