Datametrex to acquire Yuzu for 55 million shares

Executive Summary

• Datametrex AI Ltd. has signed a definitive asset purchase agreement to acquire the Yuzu payment processing solution, including related patents and intellectual property, from Firstpayment Inc.
• The transaction is valued at $5.5 million, to be satisfied entirely through the issuance of 55 million common shares of Datametrex at a deemed price of $0.10 per share.
• Michael Kron, current CEO of Firstpayment, is expected to join Datametrex’s board and serve as COO of the subsidiary, Paymetrex Payment Solutions Inc., upon closing.

Key Details

• Transaction Structure: Asset purchase agreement dated December 9, 2025, executed through a wholly owned subsidiary, Paymetrex Payment Solutions Inc.
• Target Asset: Yuzu payment processing solution, including related patents and intellectual property.
• Seller: Firstpayment Inc., a Canadian-based fintech company.
• Purchase Price: $5.5 million.
• Consideration: Issuance of 55,000,000 common shares in the capital of Datametrex AI Ltd.
• Share Price: Deemed issue price of $0.10 per share.
• Key Personnel Changes: Michael Kron (current CEO of Firstpayment) to join Datametrex’s Board of Directors and become Chief Operating Officer of Paymetrex.
• Use of Proceeds: Funds from a previously announced private placement of subscription receipts, currently held in escrow, will be released upon closing to integrate the Yuzu solution into Datametrex’s technology division and pursue merchant opportunities.
• Closing Conditions: Subject to customary closing conditions, including approval from the TSX Venture Exchange and the Board of Directors.
• Expected Closing Date: On or about December 17, 2025.

Notable Quotes

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