Perpetuals Axes Deal for Trump-Linked Crypto Payments Unit

Fintech company Perpetuals has terminated its plans to acquire Alt5 Sigma Canada, a crypto payments unit tied to World Liberty Financial.

The decision comes just one week after Perpetuals announced it was conducting due diligence on the acquisition.

Perpetuals had described Alt5 Sigma as a 'profitable subsidiary' and said it was considering buying the company to support its growth and product plans.

No reason was given for the termination of the deal, but Perpetuals shares jumped 26.4% on the news.