According to The Independent and CNBC, AI Financial Corp. (formerly Alt5 Sigma) saw its stock plummet 93% to approximately 68 cents on Tuesday, hovering near a 52-week low and prompting Nasdaq delisting concerns.
The sharp decline follows a 2025 cryptocurrency transaction with World Liberty Financial, a digital asset venture partially owned by members of the Trump family including Donald Trump Jr. and Eric Trump. AI Financial exchanged approximately $1.5 billion worth of World Liberty Financial's WLFI tokens for company shares and raised $750 million through a stock offering. Because the Trump family is entitled to 75% of proceeds from WLFI token sales, the transaction generated roughly $500 million in gains for Trump-affiliated entities, according to reports. The company's deteriorating financial position prompted the Securities and Exchange Commission review request by watchdog organization Democracy Defenders Fund in April.