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Venzee Technologies (TSXV: VENZ) has entered into a software right-of-use agreement with Digital Commerce Payments (DCP), an existing consultant, to acquire exclusive usage rights to DCP's e-commerce shelf software for CDN$4,250,000. This will be paid either in cash or common shares upon the transaction's closing. The deal aims to enhance Venzee's product offerings, integrating DCP's software to expand functionality and efficiency. This integration is expected to broaden Venzee's market reach, offering automated retail channel connections and enhanced inventory management. The transaction involves issuing 19,318,182 shares at CDN$0.22 per share, subject to TSXV and shareholder approvals. Post-transaction, DCP and its affiliates are projected to own 41.62% of Venzee shares. Conditions for closing include regulatory and shareholder approvals. The transaction has been deemed fair from a financial standpoint by RwE Growth Partners.
