Venzee Technologies Inc. Provides Update on Previously Announced Transaction with Digital Commerce Payments Inc. and Announces Voting Results of Annual and Special Meeting

Core Points - Venzee Technologies Inc. is acquiring Digital Commerce Payments Inc.'s Jasper Software as a Service Product Information Management Solution business, with the transaction announced on November 3, 2025 [1] - The transaction has received conditional approval from the TSX Venture Exchange and requisite shareholder approvals [2][4] - The company plans to convert outstanding debt into shares as part of the transaction, aiming for no outstanding debt upon completion [3] Transaction Details - The TSXV has conditionally approved a private placement of up to 31,578,947 shares at CAD$0.095 per share, totaling up to CAD$3,000,000 [2] - Completion of the transaction is expected by December 31, 2025, pending satisfaction of all conditions [4] Shareholder Meeting Results - At the annual general and special meeting, 25,617,984 shares were represented, approximately 50.98% of the total issued shares [5] - Key resolutions approved include: - Omnibus Incentive Plan: 86.029% votes for - Transaction approval: 98.536% votes for - Debt Settlement approval: 99.800% votes for - Private Placement approval: 99.800% votes for [5] Company Background - Venzee focuses on creating technology that enhances e-commerce execution and optimizes digital shelf performance through its PIM/PXM platform [7] - Digital Commerce Payments Inc. offers innovative digital payment solutions, emphasizing seamless integrations and customizable options [8]