m_and_a
confidence high
sentiment neutral
materiality 0.80
ALT5 Sigma acquires Mswipe crypto-enabled payment card business
AI Financial Corp
- ALT5 acquired Mswipe, a multi-currency fiat/crypto payment card platform operating on Visa/Mastercard networks.
- Consideration includes 1M restricted shares (value ~$6.10M), 500K 4-year warrants at $5.50, Alyea shares valued $4.8M, and $1M in 14-month promissory notes at 3.99%.
- ALT5 also assumes a $5.1M pre-existing note and grants a $20M earn-out if Mswipe generates $15M annualized revenue from its operating assets.
- Mswipe's audited FY2025 revenue $2.8M, net earnings $523K, vs prior year $3.15M revenue and $137K net earnings.
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