AI Financial in talks to sell payments business for $15M to Perpetuals.com

AI Financial Corporation, the Nasdaq-listed company formerly known as Alt5 Sigma, is in early-stage negotiations to sell its core payments subsidiary to Perpetuals.com for up to $15 million. Perpetuals.com signed a non-binding term sheet around July 7, 2026, to acquire Alt5 Sigma Canada, Inc., the payments arm at the center of the proposed deal.

No final agreement has been reached. Perpetuals.com is still conducting due diligence, which means this could still fall apart in any number of ways.

A company with a complicated past

AI Financial Corporation trades on Nasdaq under the ticker AIFC. About a year ago, the company went through a dramatic restructuring via a $750 million transaction. That deal resulted in over $500 million flowing to the Trump family, a detail that drew significant attention at the time.

Now the company appears to be shedding its payments business at a fraction of that earlier headline figure. Selling a core subsidiary for up to $15 million after being at the center of a $750 million deal is a notable markdown.

What Perpetuals.com is buying

Perpetuals.com, listed on Nasdaq under the ticker PDC, operates AI-driven trading platforms and holds regulated infrastructure across Europe and other regions, including products like the UpsideOnly consumer service and the BayesShield AI risk system.

Matthew Nicoletti, Chief Strategy Officer at Perpetuals, said the acquisition could fuel growth and complement their product development.

The non-binding nature of the term sheet is worth emphasizing. Non-binding means exactly what it sounds like: either party can walk away. The $15 million price tag is a ceiling, not a floor.

The Trump connection and broader context

The Trump family’s involvement in the prior $750 million AI Financial transaction adds a layer of political intrigue that’s hard to ignore. AI Financial has ties to the Trump family’s venture into cryptocurrency via World Liberty Financial, and the $750 million restructuring was designed to bolster the company’s assets while delivering substantial returns to the Trump family.

What this means for investors

For AI Financial investors, selling the core payments business for up to $15 million when the company was involved in a $750 million restructuring not long ago raises questions about what remains of the entity going forward.

For Perpetuals.com shareholders, the question is whether $15 million for a payments subsidiary represents good value. By potentially acquiring Alt5 Sigma Canada, Perpetuals aims to enhance its offerings in AI-powered trading and digital asset management and could strengthen its foothold in North American markets.

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