AIFC News & Events

A year ago, the Trump family's crypto venture bought an AI Financial (AIFC) for $750M and, since then, the deal has been a money loser for most excluding the Trumps, Angus Berwick of The Wall Street Journal reports. AI Financial is now in discussions to sell its core business to Perpetuals.com (PDC), with the price being discussed as up to $15M, a person familiar with the transaction told the Journal. The potential sale would mark a reversal for the company, since World Liberty Financial had originally promoted it as key to its plans to turn into an industry contender.

Matthew Nicoletti, CSO, Perpetuals.com (PDC), on a proposed transaction with AI Financial Corporation (AIFC): "Perpetuals has signed a non-binding term sheet to explore the potential acquisition of AI Financial Corporation's profitable subsidiary Alt5 Sigma Canada. Perpetuals is currently conducting our due diligence. No decisions have been made while we evaluate how this potential transaction could further fuel Perpetuals's growth and complement our product roadmap."

AI Financial Corporation provided an update on its previously announced share repurchase program.Through June 18, the Company has repurchased an aggregate of 1,434,651 shares of its common stock in open-market transactions at an aggregate cost of approximately $1.84M, including commissions and fees. This total includes 210,000 shares purchased on June 17. The Company announced the share repurchase program on January 29 following authorization by its Board of Directors to repurchase up to $100M of common stock, subject to a maximum of 50M shares, at prices below what the Company believes to be its net asset value per share. In its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 18, for the period ended March 28, the Company disclosed that it had purchased and retired 1,070,000 shares in March and made additional open-market purchases in April and May with the intent to retire those shares.

AI Financial announced the integration of USDU into its transaction processing ecosystem. USDU, issued by Universal Digital, is the first U.S. dollar-backed stablecoin registered with the Central Bank of the UAE under its Payment Token Services Regulation. Through this integration, AiFi's platforms will support USDU settlement capabilities for institutional and enterprise clients operating in or transacting with the UAE market. The addition of USDU expands the range of regulated settlement options available through AiFi's infrastructure and supports the Company's strategy of enabling compliant digital asset transactions across key global markets.