00:05:02 EST Fri 12 Dec 2025
Enter Symbol
or Name
USA
CA



Datametrex AI Ltd (2)
Symbol DM
Shares Issued 32,386,006
Close 2025-12-10 C$ 0.10
Market Cap C$ 3,238,601
Recent Sedar Documents

Datametrex to acquire Yuzu for 55 million shares

2025-12-10 18:09 ET - News Release

Mr. Paul Haber reports

DATAMETREX SIGNS DEFINITIVE AGREEMENT TO ACQUIRE YUZU PAYMENT PROCESSING SOLUTION FROM FIRSTPAYMENT INC.

Further to the news releases dated Sept. 15, 2025, Sept. 22, 2025, Sept. 29, 2025, Nov. 11, 2025, and Nov. 14, 2025, Datametrex AI Ltd. has signed a definitive asset purchase agreement, dated Dec. 9, 2025, to acquire through a wholly owned subsidiary, Paymetrex Payment Solutions Inc., the Yuzu payment processing solution from Firstpayment Inc., a Canadian-based fintech company, including the related patents and intellectual property, in an arm's-length transaction.

Transaction terms

Under the terms of the definitive agreement, Datametrex will acquire the Yuzu payment solution from Firstpayment for the purchase price of $5.5-million, which is satisfied through the issuance of 55 million common shares in the capital of Datametrex, at a deemed issue price of 10 cents per share.

Upon completion of the transaction, it is anticipated that Michael Kron, the current chief executive officer of Firstpayment, will join the board of directors of the company and will be chief operating officer of Paymetrex.

Upon closing of the transaction, the proceeds of the company's previously announced private placement of subscription receipts will be released from escrow and will be used to integrate the Yuzu payment solution into Datametrex's technology division and to pursue merchant opportunities to generate revenue.

Completion of the transaction is expected on or about Dec. 17, 2025, subject to the satisfaction of all necessary customary closing conditions, including approval from TSX Venture Exchange and the board of directors of the company.

About Datametrex AI Ltd.

Datametrex is an innovative leader in technology solutions, artificial intelligence and health care. The company specializes in delivering tools and solutions that enhance operational efficiencies and business outcomes. With a commitment to innovation, Datametrex is dedicated to supporting enterprises by setting a new standard for business protocols through cutting-edge technology.

We seek Safe Harbor.

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