Trump-linked AI Financial looks to offload core business for $15M
The post Trump-linked AI Financial looks to offload core business for $15M appeared on BitcoinEthereumNews.com. Perpetuals.com Ltd (Nasdaq: PDC) has signed a non-binding term sheet to explore buying the Trump-linked fintech, Alt5 Sigma Canada, Inc. The fintech company was known as ALT5 Sigma Corporation until April. If the deal closes, it could be worth up to $15 million and function as a lifeline for the company that has warned it may not survive the year. Why is AI Financial selling its core business? Perpetuals.com Ltd (NASDAQ: PDC) has signed a non-binding term sheet to explore buying Alt5 Sigma Canada Inc., a profitable subsidiary of AI Financial Corporation (Nasdaq: AIFC). The term sheet was disclosed on July 7 in a statement from Matthew Nicoletti, chief strategy officer at Perpetuals. Nicoletti said Perpetuals is still running due diligence and emphasized that nothing has been finalized as the company is still weighing how the purchase might fit its product roadmap. What is T