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DataMetrex Signs Definitive Agreement to Acquire Yuzu Payment Processing Solution From Firstpayment Inc.
TORONTO, ONTARIO / ACCESS Newswire / December 10, 2025 / Datametrex AI Limited ( the "Compan...
About this update from Datametrex Ai Ltd.
[{"type":"text","content":"DataMetrex Signs Definitive Agreement to Acquire Yuzu Payment Processing Solution From Firstpayment Inc.TORONTO, ONTARIO / ACCESS Newswire / December 10, 2025 / Datametrex AI Limited (the \"Company\" or \"Datametrex'') (TSXV:DM)(FSE:D4G)(OTC:DTMXF) is pleased to announce further to its news releases dated September 15, 2025, September 22, 2025, September 29, 2025 November 11, 2025 and November 14, 2025, it has signed a definitive asset purchase agreement, dated December 9, 2025 (the \"Definitive Agreement\") to acquire via a wholly owned subsidiary, Paymetrex Payment Solutions Inc, (\"Paymetrex\") the Yuzu payment processing solution from Firstpayment Inc. (\"Firstpayment\"), a Canadian-based fintech company, including the related patents and intellectual property (the \"Yuzu Payment Solution\") in an arm's length transaction (the \"Transaction\").Transaction TermsUnder 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 55,000,000 common shares in the capital of Datametrex (the \"Consideration Shares\"), at a deemed issue price of $0.10 per share.Upon completion of the Transaction, it is anticipated that Michael Kron, the current CEO of Firstpayment, will join the Board of Directors of the Company and will be COO 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 December 17, 2025, subject to the satisfaction of all necessary customary closing conditions, including approval from TSXV and the board of directors of the Company.About FirstpaymentFirstpayment is a Canadian-based fintech company that provides payment processing solutions including cryptocurrencies. Its technology is backed by a portfolio of ten (10) patents, seven (7) USPTOs, one (1) USPTO pending, and two (2) Canadian patents, in the payments space, including innovations in mobile and cryptocurrency payments. The company's proprietary platform, \"YUZU\", also known as Yuzupay, enables seamless cryptocurrency paym...