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AI Financial Corp., a Nasdaq-listed fintech and digital asset treasury company based in New York and formerly known as Alt5 Sigma, has warned of substantial doubt about its ability to continue as a going concern over the next year. In a recent Form 10-Q filed with the U.S. Securities and Exchange Commission, the firm reported a first-quarter net loss of $271.5 million, only $10.5 million in cash as of March 28, and a working capital deficit of $5.5 million. The company’s distress stems from a 2025, $1.5 billion acquisition of World Liberty Financial tokens, now written down to just $706 in fair value.

Prepared by Christopher Adams and reviewed by editorial team.