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Trump-backed AI Financial in talks to sell core payments unit for up to $15M

  • Funding & M&A
  • Finance

AI Financial Corporation (formerly Alt5 Sigma, NASDAQ: AIFC), a publicly listed company tied to the Trump family, is in talks to sell its revenue-generating Canadian payments business to blockchain firm Perpetuals.com Ltd (NASDAQ: PDC) for up to $15 million, according to a report from The Wall Street Journal. The two companies have signed a non-binding term sheet, with due diligence now underway.

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