---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-020865"
form_type: "8-K"
ticker: "AIFC"
cik: "0000862861"
company_name: "AI Financial Corp"
filed_at: "2024-05-21T23:59:59+00:00"
generated_at: "2026-06-01T11:49:30.891423+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# JanOne acquires Alt 5 Sigma for ~$16M in equity; Alt 5 becomes wholly-owned subsidiary

## Summary
- Consideration: ~1.8M JanOne common shares (19.9% of outstanding) valued at $4.14/share, plus 34,207 Series B Preferred shares ($250 liquidation preference each).
- Alt 5 operates blockchain payment gateway ALT 5 Pay and OTC trading platform ALT 5 Prime for digital assets.
- Closing occurred May 15, 2024; financial statements of Alt 5 to be filed by July 31, 2024.
- 3,200 shares of Series M Preferred stock issued to finders in connection with the transaction.

## SEC filing metadata
- accession: 0001493152-24-020865
- form_type: 8-K
- ticker: AIFC
- cik: 0000862861
- company_name: AI Financial Corp
- filed_at: 2024-05-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862861/000149315224020865/0001493152-24-020865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862861/000149315224020865/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-020865
- JSON: https://secwatch.observer/filing/0001493152-24-020865.json
- Plain text: https://secwatch.observer/filing/0001493152-24-020865.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.