Mr. Paul Haber reports
DATAMETREX ANNOUNCES CLOSING OF YUZU PAYMENT PROCESSING SOLUTION ACQUISITION
Further to Datametrex AI Ltd.'s news releases dated Sept. 15, 2025, Sept. 22, 2025, Sept. 29, 2025, Nov. 11, 2025, Nov. 14, 2025, and Dec. 10, 2025, it has completed the acquisition via a wholly owned subsidiary, Paymetrex Payment Solutions Inc., of the Yuzu payment processing solution from Firstpayment Inc., a Canadian-based financial technology company, including the related patents and intellectual property in an arm's-length transaction.
"The closing of the Yuzu payment solution acquisition represents a significant milestone in Datametrex's growth strategy and our expansion into next-generation payment technologies," said Paul Haber, chief executive officer of Datametrex. "Yuzu's patented payment infrastructure and cryptocurrency capabilities complement our existing technology portfolio and position Paymetrex to capitalize on the growing demand for secure, efficient and innovative digital payment solutions. We are excited to integrate this platform into our operations and to begin pursuing merchant relationships that will drive meaningful revenue growth for the company."
Transaction terms
Datametrex has acquired the Yuzu payment solution from Firstpayment for the purchase price of $5.5-million, which was satisfied through the issuance of an aggregate of 55 million common shares in the capital of Datametrex at a deemed issue price of 10 cents per share. The consideration shares a subject to a hold period of four months and one day.
The proceeds of the company's previously announced private placement of subscription receipts have been 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.
Datametrex has not assumed any debt of Firstpayment and the acquisition does not constitute a fundamental change or result in a change of business for the company, nor is it expected to result in a change of control of the company within the meaning of applicable securities laws and defined in the policies of the TSX-V.
Required early warning information
In connection with the closing of the transaction Michael Kron was appointed to the board of directors of the company and will also be appointed as vice-president of Paymetrex. Prior to the completion of the transaction and conversion of subscription receipts into common shares pursuant to the recent subscription receipt financing of the company, Mr. Kron held 55,194 common shares of the company, representing 0.07 per cent of the 81,336,006 common shares of the company that were issued and outstanding immediately prior to the completion of the transaction. Upon completion of the transaction Mr. Kron owns, directly and indirectly, and exercises control or direction over an aggregate of 18,531,997 common shares of the company, representing approximately 12.15 per cent of the issued and outstanding common shares of the company.
Mr. Kron may or may not acquire or dispose of common shares of the company in the future through the open market or in private transactions, as circumstances or market conditions warrant. Depending on market conditions, general economic and industry conditions, the company's business and financial condition and/or other relevant factors, Mr. Kron may develop other plans or intentions in the future relating to one or more of the above items.
Further to the requirements of National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, Mr. Kron will file an early warning report in accordance with applicable securities laws. A copy of the early warning report will be filed with the applicable securities commissions and will be made available on SEDAR+. Further information and a copy of the early warning report may be obtained by contacting Mr. Kron, 5930 Tommy Douglas, Montreal, Que., H3X 4A6, telephone: 514-578-5007.
Datametrex's head office is located at 2300 Yonge St., suite 2802, Toronto, Ont., M4P 1E4.
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.
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