Datametrex Signs LOI To Acquire Yuzu Payment Processing Solution From Firstpayment Inc.
Core Viewpoint - Datametrex AI Limited has signed a non-binding Letter of Intent to acquire the Yuzu payment processing solution from Firstpayment Inc. for approximately $5.5 million, subject to certain conditions [1] Group 1: Acquisition Details - The acquisition includes related patents and intellectual property associated with the Yuzu Payment Solution [1] - The purchase price of $5.5 million is intended to be satisfied through the issuance of approximately 55,000,000 common shares at a deemed issue price of $0.10 per share [1] - The transaction is contingent upon TSXV acceptance, completion of legal and financial due diligence, and negotiation of a definitive asset purchase agreement [1]