04:22 PM EDT, 04/01/2026 (MT Newswires) -- Birchtree Investments ( BCTIF ) said Wednesday afternoon that it has executed an arm's length definitive share exchange agreement to acquire 100% of Digital Motion, a private U.S. company.

Under the agreement, a statement noted, equity holders in Digital Motion can choose to receive either non-voting common stock of Birchtree AcquisitionCo or common shares of the company.

Wednesday's statement said the aggregate consideration payable is about US$20 million (C$27.412 million), which will be paid by issuing up to about 137 million Birchtree shares at a deemed price per share of C$0.20. Founders of Digital Motion, Zachary Landau and Robert Polito, are set to receive nearly 57.3 Birchtree shares, representing 20.75% of the near 275.8 million Birchtree shares that will be issued and outstanding following closing of the proposed transaction, according to the statement.

Birchtree shares will remain halted on the CSE until required disclosure documents are filed, the company added.