JanOne to Acquire ALT 5 Sigma Inc. to Drive Innovation in Blockchain Financial Technology
Acquiring Company
JanOne
Acquired Company
AI Financial Corp
NewmarketFinancial ServicesArtificial IntelligenceFinanceFintechBlockchainCryptocurrencyDescription
JanOne Inc. (Nasdaq: JAN) has executed a Definitive Agreement to acquire ALT 5 Sigma Inc., a leading next-generation blockchain financial technology provider, and its wholly-owned subsidiaries. This strategic acquisition aims to leverage ALT 5's innovative solutions to drive innovation in the payment processing industry and enable long-term growth opportunities for both companies.
Quick answer
JanOne is acquiring AI Financial Corp, announced May 10, 2024.
- How much did JanOne pay for AI Financial Corp?
- The deal value was not disclosed.
- What does JanOne do?
- JanOne Inc. (NASDAQ:JAN), a biotechnology company focused on finding treatments for conditions that cause severe pain and bringing to market drugs and therapies with nonaddictive pain-relieving properties.
- Where are JanOne and AI Financial Corp based?
- AI Financial Corp is based in Newmarket, Ontario, Canada.
Source: Fundz verified event record.
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Frequently asked
Who acquired AI Financial Corp?
AI Financial Corp was acquired by JanOne. The deal was reported on May 10, 2024. JanOne Inc. (NASDAQ:JAN), a biotechnology company focused on finding treatments for conditions that cause severe pain and bringing to market drugs and therapies with nonaddictive pain-relieving properties. JanOne is privately held.
When did JanOne acquire AI Financial Corp?
JanOne's acquisition of AI Financial Corp was reported on May 10, 2024. JanOne Inc. (Nasdaq: JAN) has executed a Definitive Agreement to acquire ALT 5 Sigma Inc., a leading next-generation blockchain financial technology provider, and its wholly-owned subsidiaries. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does AI Financial Corp do?
AI Financial Corp is the company acquired in this transaction. It is publicly traded (AIFC), operating in Financial Services, and is based in Newmarket.
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