Aug 7 (Reuters) – AI Financial Corp, a company closely affiliated with World Liberty Financial, the crypto venture ‌backed by the Trump family, has sold its Canadian ‌unit to New York-based Prime Delta, weeks after fintech firm Perpetuals.com ended ​talks to buy the subsidiary.

• AI Financial will receive a $12 million secured promissory note — with $1 million due next week and the rest paid over time — and about 11.6 million shares ‌of Prime Delta stock ⁠for the sale of ALT5 Sigma Canada, an SEC filing showed on Friday.

• The filing ⁠did not provide further details on the rationale of the deal. AI Financial, previously known as ALT5 Sigma, and Prime ​Delta could ​not be immediately reached for ​comment outside regular business ‌hours.

• Prime Delta is a financial services firm specializing in “credit intermediation and strategic financial advisory”, according to its website.

• World Liberty Financial partnered with ALT5 Sigma last August and struck a deal under which ALT5 Sigma raised $750 million by ‌selling new shares and used $717 million ​of that to buy World Liberty ​tokens.

• That deal sent ​more than $500 million to the Trump family, ‌Reuters has reported, based on ​the Trumps’ arrangement ​with World Liberty Financial.

• AI Financial’s sale of ALT5 Sigma Canada to Prime Delta comes about three weeks ​after Perpetuals.com said ‌it had abandoned plans to buy the business, without ​giving further details.

(Reporting by Carlos Méndez in Mexico ​City; Editing by Tom Hogue)