M&A
confidence high
sentiment neutral
materiality 0.75
AI Financial sells ALT 5 Sigma Canada to Prime Delta for $12M note and 11.55M shares
AI Financial Corp
- Sold indirect subsidiary ALT 5 Sigma Canada to Prime Delta Corp. for $12M secured promissory note and 11,551,750 restricted Prime shares.
- Note: $1M due Aug 11, 2026; remaining $11M payable via 20% of Prime's post-closing equity financings or four annual $2.75M installments starting Aug 3, 2027.
- Note bears 4% annual interest, payable monthly, secured by all Prime assets, with three third-party guarantees.
- Prime shares issued under Section 4(a)(2) exemption; restricted.