DataMetrex Signs Definitive Agreement to Acquire Yuzu Payment Processing Solution From Firstpayment Inc.

Executive Summary

• Datametrex AI Limited signed a definitive asset purchase agreement to acquire the Yuzu payment processing solution (including patents and IP) from Firstpayment Inc. for $5.5 million in share consideration.
• The consideration consists of 55,000,000 Datametrex common shares issued at a deemed price of $0.10 per share.
• Closing is expected around December 17 2025; proceeds from the company’s previously announced private placement will be released to fund integration and merchant‑acquisition efforts.

Key Details

• Transaction Structure: Asset purchase (Yuzu Payment Solution, related patents, IP).
• Purchase Price: $5.5 million, satisfied by issuance of 55 million Datametrex common shares at $0.10 per share.
• Closing Timeline: Anticipated on or about December 17 2025, subject to customary conditions and TSXV/board approvals.
• Post‑Closing Management Changes: Michael Kron (current CEO of Firstpayment) will join Datametrex’s Board of Directors and serve as COO of Paymetrex (the wholly‑owned subsidiary acquiring the assets).
• Use of Proceeds: Funds released from escrow on the prior private placement will be used to integrate Yuzu into Datametrex’s technology division and pursue merchant opportunities to generate revenue.
• Related Patents/IP: The acquisition includes ten patents, seven USPTO‑granted patents, one pending USPTO application, and two Canadian patents covering mobile and cryptocurrency payment innovations.
• Regulatory Approvals Required: TSXV approval and board of directors’ consent.

Notable Quotes

(No direct quotes were provided in the release.)