Swapping a $23M business for $1M cash while banking on locked WLFI tokens shows how dire crypto balance sheets have become

Share

AI Financial Corp sold its ALT5 Sigma Canada subsidiary to Prime Delta for a $12 million secured note and 11,551,750 restricted shares, with only $1 million payable in cash at closing and the remainder contingent on future financing or deferred installments. ALT5 Sigma Canada generated $23.5 million in revenue and a $3.3 million net loss in 2025, after posting $15.5 million in revenue and $600,000 in profit in 2024. AI Financial also reported a $271.3 million loss from continuing operations, a working-capital deficit, and substantial doubt about its ability to continue as a going concern. A potential liquidity window of 3.58 billion WLFI tokens expected to become transferable on Aug. 12 remains conditional on a resale registration statement becoming effective, with no filing confirmed as of early August.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles