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home / news releases / DM:CC - Dual-Listed Blockchain Firm On the Upswing after Acquiring EV Solutions Company

DM:CC - Dual-Listed Blockchain Firm On the Upswing after Acquiring EV Solutions Company

Datametrex Ai Limited

2023-12-07 10:20:45 ET

At the forefront of %ElectricVehicle (EV) and %Blockchain technology, this firm is looking to capitalize on the transformative power of EVs and blockchain and just announced it acquired an EV solutions firm.

%GraphBlockchain (CSE: GBLC) (OTC: REGRF) announced the successful acquisition of DataMetrex Electric Vehicle Solutions Inc. from Datametrex AI Limited (TSXV: DM) (OTC: DTMXF), marking a significant expansion of Graph Blockchain's portfolio by entering into the electric vehicle (EV) technology business.

Graph Blockchain issued 15,000,000 common shares to Datametrex at a deemed price of $0.05 per share. Additionally, Datametrex stands to receive up to $3,000,000 in cash Earn-Out Payments, subject to DMEVS meeting specific performance metrics over the next three years with a total consideration of up to $3,750,000.

Shares of were trading up in morning trade.

Stock Information
Company Name: Datametrex Ai Limited
Stock Symbol: DM:CC
Market: TSXVC
Website: datametrex.com
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