{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-035754","form_type":"8-K","ticker":"AIFC","cik":"0000862861","company_name":"AI Financial Corp","filed_at":"2025-07-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.514862+00:00","generated_at":"2026-05-18T03:57:19.264914+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"ALT5 Sigma acquires Mswipe crypto-enabled payment card business","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-035754","json":"https://secwatch.observer/filing/0001628280-25-035754.json","markdown":"https://secwatch.observer/filing/0001628280-25-035754.md","text":"https://secwatch.observer/filing/0001628280-25-035754.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862861/000162828025035754/0001628280-25-035754-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862861/000162828025035754/jan-20250509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T03:57:19.264914+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}