---
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"
generated_at: "2026-05-18T03:57:19.264914+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ALT5 Sigma acquires Mswipe crypto-enabled payment card business

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-035754
- JSON: https://secwatch.observer/filing/0001628280-25-035754.json
- Plain text: https://secwatch.observer/filing/0001628280-25-035754.txt

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