Datametrex Announces Agreement to Sell DM EVS To Graph Blockchain Inc., and Filing of Early Warning Report
posted on
Nov 14, 2023 09:00AM
Revenues exceeding $1 million CAD in December 2023
In a strategic move to concentrate its efforts on key growth areas, Datametrex AI Limited (DM: TSXV) (FSE: D4G) (DTMXF: OTCQB) is set to divest its subsidiary, DataMetrex Electric Vehicle Solutions Inc. ("DM EVS"), in a deal with Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT50). This move underscores Datametrex's commitment to enhancing its healthcare, AI, and technology verticals, aligning with its mission to lead in artificial intelligence, machine learning, and healthcare solutions.
Datametrex, an innovative force in AI and healthcare, has a robust history of delivering cutting-edge solutions. This strategic move follows its commitment to align business strategies with core competencies. The company's emphasis on AI, machine learning, and healthcare reflects a dedication to staying at the forefront of technological advancements.
Strategic Divestiture: Datametrex is set to sell DM EVS to Graph Blockchain for up to $3,750,000, focusing on core strengths and markets.
Share Issuance: Graph Blockchain will issue 15,000,000 common shares at $0.05 per share to Datametrex, promoting a collaborative and mutually beneficial partnership.
Performance Metrics: Earn-Out Payments of up to $3,000,000 incentivize post-closing performance metrics, ensuring sustained value maximization under new ownership.
This strategic divestiture positions Datametrex for agility and focus. The move towards healthcare, AI, and technology verticals reflects a calculated approach to emerging market demands. Investors can anticipate accelerated growth and innovation in these core areas.
Marshall Gunter, Datametrex's CEO, emphasizes, "The divestiture aligns with Datametrex's focus on our core strengths and markets, enhancing our pursuit of opportunities in AI, machine learning, and healthcare." Analysts view this move as a proactive step to navigate evolving industry landscapes.
While divestitures carry inherent risks, Datametrex's strategic realignment mitigates challenges by ensuring a focus on high-potential sectors. The acquisition of common shares in Graph Blockchain is a strategic investment indicating confidence in the collaborative future.
Datametrex's strategic pivot sets the stage for heightened innovation and growth. The divestiture of DM EVS not only signifies a strategic shift but also showcases Datametrex's commitment to shareholder value and sustained success.
Read Release: https://www.datametrex.com/post/datametrex-agreement-to-sell-dm-evs-to-graph-blockchain-inc-and-filing-of-early-warning-report