DataMetrex Announces Closing of Yuzu Payment Processing Solution Acquisition

Executive Summary

• Datametrex AI Limited completed the acquisition of the Yuzu payment processing solution and related patents from Firstpayment Inc. for a purchase price of $5.5 million.
• Consideration was paid via issuance of 55,000,000 common shares at a deemed issue price of $0.10 per share, subject to a four‑month‑plus hold period.
• Michael Kron was appointed to Datametrex’s Board of Directors and as Vice President of the newly formed subsidiary Paymetrex, increasing his indirect ownership to approximately 12.15% of outstanding shares.

Key Details

• Transaction Value: $5.5 million purchase price for Yuzu Payment Solution (including patents and IP).
• Consideration Structure: 55,000,000 Datametrex common shares issued at a deemed issue price of $0.10 per share; shares subject to a hold period of four months and one day.
• Financing Source: Shares were issued from the conversion of previously announced subscription receipts (private placement) that have now been released from escrow.
• Use of Proceeds: Funds will be used to integrate Yuzu into Datametrex’s technology division and pursue merchant relationships to generate revenue.
• Debt Assumption: No debt of Firstpayment was assumed in the transaction.
• Business Impact: Acquisition does not constitute a fundamental change of business or trigger a change‑of‑control under TSXV policies.
• Board Appointment & Ownership Change: Michael Kron appointed to Board and as VP of Paymetrex; prior to closing he held 55,194 shares (0.07%); post‑closing he controls ~18,531,997 shares (≈12.15%).
• Early Warning Reporting: Kron will file the required early warning report per NI 62‑103; copy available on SEDAR+.

Notable Quotes

“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,” – Paul Haber, CEO, Datametrex AI Ltd.

Materiality Assessment: Material – Positive (the acquisition is a substantive corporate transaction with share issuance, strategic significance, and board changes).