AI Financial, a WLFI treasury firm, warned in an SEC filing that it may not survive the year.

CoinFeed reported on May 19th that, according to CoinDesk, Nasdaq-listed WLFI treasury company AI Financial warned in an SEC filing that its liquidity situation raises significant doubts about its ability to continue as a going concern and may not survive the year. Formerly known as Alt5 Sigma, the company holds 7.28 billion WLFI tokens with a book value of $706 million, a significant decrease from its cost basis of approximately $1.46 billion. All tokens are subject to a contractual lock-up period, with 3.53 billion tokens non-transferable for 12 months and 3.75 billion requiring shareholder approval and other conditions to unlock. The company had only $10.5 million in cash at the end of the quarter, resulting in a working capital shortfall of $5.5 million.