AIFC Under Pressure After AI Financial Reports $271M Crypto Loss
AI Financial Corp. closed Friday at $0.8932, up 2.05% for the day but down 11% from the previous week. The company reported a quarterly net loss of $271.49 million, mainly from a $348.3 million unrealized loss on WLFI tokens. All tokens are under lock-up provisions. Nasdaq will remain closed Monday for Memorial Day, delaying the next trading session to Tuesday.