07:24 AM EST, 01/02/2026 (MT Newswires) -- Venzee Technologies (VENZ.V) announced over the New Year holiday period that it has completed the previously announced transaction with Digital Commerce Payments Inc. to acquire DCP's Jasper Software as a Service (SaaS) Product Information Management (PIM) Solution business.

A statement noted the Jasper PIM solution is a tool that helps eCommerce merchants organize their inventory data and syncs that data to e-commerce platforms, allowing merchants to build better online products and get to market faster.

As part of the transaction, DCP and its affiliates agreed to convert all of the outstanding debt owing to them by Venzee into shares, and Venzee sought the agreement of each other holder of Venzee's convertible debentures to convert them into shares. The debt settlement was completed concurrently with the transaction. Pursuant to the Debt Settlement, a total of 30,591,845 shares were issued.

In connection with the transaction, on Dec. 31, 2025, Venzee issued 10,526,316 shares to Pateno at a price of C$0.095 per share for aggregate gross proceeds of approximately C$1 million on a private placement basis.

To reflect Venzee's new Jasper Business, Venzee proposes to change its name to 'JasperX Technologies Inc.' in the first quarter of 2026. Venzee's name change will be subject to acceptance by the TSXV and approval by its board of directors.