---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-018994"
form_type: "8-K"
ticker: "AIFC"
cik: "0000862861"
company_name: "AI Financial Corp"
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:20:41.131023+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-018994
- form_type: 8-K
- ticker: AIFC
- cik: 0000862861
- company_name: AI Financial Corp
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862861/000149315226018994/0001493152-26-018994-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862861/000149315226018994/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-018994
- JSON: https://secwatch.observer/filing/0001493152-26-018994.json
- Plain text: https://secwatch.observer/filing/0001493152-26-018994.txt

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