ALT5 Sigma acquires Block Street Corp. and Dectec; issues stock and pre-funded warrants

AI Financial Corp

Acquired Block Street for 12,670,257 common shares valued at $12M plus $15M and $16M pre-funded warrants with performance milestones.
Also signed binding LOI to acquire Dectec; initial issuance of 4M shares, up to 4M additional based on gross profit targets.
Block Street warrants vest upon achieving $20M net revenue (Set One) or $8M Modified Operating Income (Set Two) over four quarters.
Issued shares and warrant shares subject to 24-month lock-up with phased releases; leak-out limits set at 10% of trailing 20-day volume.
Employment agreements entered with Block Street's Derek Peterson and Matthew Morgan.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AI Financial Corp entered into Binding Letter of Intent with Decentralized Technologies Inc. (Dectec) valued at Initial issuance of four million shares of common stock, with up to four million additional shares c (effective 2026-04-20).

Action: entry
Agreement: merger
Counterparty: Decentralized Technologies Inc. (Dectec)
Value: Initial issuance of four million shares of common stock, with up to four million additional shares c
Effective: 2026-04-20

Exact text from the filing

On April 20, 2026, we also entered into binding letter of intent with the Decentralized Technologies Inc. (“Dectec”), pursuant to which we will acquire all of the issued and outstanding shares of capital stock of Dectec and will issue four million shares of our Common Stock (the “Initial Issuance”) to the equity holders of Dectec.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AI Financial Corp entered into Stock Exchange Agreement with Block Street Corp. valued at 12,670,257 shares of common stock valued at $12 million plus warrants (effective 2026-04-20).

Action: entry
Agreement: equity purchase
Counterparty: Block Street Corp.
Value: 12,670,257 shares of common stock valued at $12 million plus warrants
Effective: 2026-04-20

Exact text from the filing

On April 20, 2026, ALT5 Sigma Corporation (the “Company”, “we”, “our”, or “us”) entered into a Stock Exchange Agreement (the “SEA”) with the four owners of Block Street Corp., a Nevada corporation (“Block Street”).

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281 material agreements filed in the last 30 days. Browse all material agreements →

AI Financial Corp filing history →

Source: SEC EDGAR

accession 0001493152-26-018994

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