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

AllPennyStocks.com - AllPennyStocks.com - Thu Dec 7, 2023

At the forefront of electric vehicle (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.

Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) announced the successful acquisition of DataMetrex Electric Vehicle Solutions Inc. from Datametrex AI Limited (TSXV: DM) (OTCQB: 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 GBLC were trading up in morning trade. 

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