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Transaction Strengthens Stability Sheet, Reduces Prices, and Accelerates Development Path
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TORONTO — XTM Inc. (“XTM” or the “Firm”) (QB: XTMIF / CSE: PAID / FSE: 7XT), a fintech innovator in automated tip pooling, on the spot payouts, and Earned Wage Entry (“EWA”) by means of its AnyDay™ platform, in the present day introduced the profitable closing of its beforehand introduced asset sale to Pateno Funds Inc. (“Pateno”), a subsidiary of Digital Commerce Group, for complete consideration of USD $3,000,000.
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The transaction, first disclosed on April 29, 2025 (learn right here), closed on September 17, 2025. At closing, XTM acquired the gross proceeds web of customary buy value changes and a 90-day holdback for potential post-closing changes and last debt settlement. As a part of the transaction, the Firm repaid its senior debt facility with 2Shores Capital in full, with safety launched.
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Prime Tales
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This strategic divestiture represents a pivotal milestone in XTM’s path to profitability and sustainable development. The sale is predicted to considerably scale back month-to-month working prices, positioning the Firm to realize money neutrality. Importantly, XTM will proceed leveraging the QRails processing platform, making certain seamless shopper service whereas eliminating the expense and operational complexity of operating the processor in-house.
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XTM maintains full possession of its proprietary AnyDay™ platform, together with payroll and time & attendance integrations, in addition to key buyer relationships. Additional, the core QRails engineering workforce has transitioned to Pateno, supporting continued innovation and operational excellence for each organizations.
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KEY STRATEGIC BENEFITS FOR SHAREHOLDERS
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- Monetary power – diminished month-to-month money burn and stronger steadiness sheet
- Margin growth – improved cost economics
- Development capital – non-dilutive USD $3M injection
- Know-how entry – expanded processing capabilities
- Operational excellence – enhanced scalability, redundancy, and reporting effectivity
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XTM is a fintech enterprise leveraging know-how to remodel how employees entry and handle their pay. Via its proprietary AnyDay™ platform, XTM offers companies with automated tip pooling, on the spot payouts, and Earned Wage Entry (“EWA”) options that empower staff with monetary flexibility and management. By bridging the hole between work and payday, XTM is driving improved worker satisfaction, retention, and engagement, whereas serving to companies streamline operations and strengthen workforce loyalty. With a rising footprint throughout North America in hospitality, and most just lately health-care, casinos and manufacturing, XTM is shaping the way forward for pay for the service and hospitality industries.
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Cautionary Notes
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Ahead-Trying Statements:
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This press launch comprises forward-looking data throughout the which means of relevant Canadian securities legal guidelines (“forward-looking data”). Typically, forward-looking data will be recognized by means of forward-looking terminology reminiscent of “plan”, “proceed”, “anticipate”, “mission”, “intend”, “consider”, “anticipate”, “estimate”, “might”, “will”, “potential”, “proposed” and different related phrases, or statements that an occasion or consequence “might”, “will”, “ought to”, “may” or “may” happen or be achieved and different related expressions. Ahead-looking data contained on this press launch might embody, with out limitation, statements concerning the Providing; the phrases, timing or completion of the Providing, or the pricing in respect thereof; further tranches of the Providing sooner or later; the closing of the providing; the anticipated use of proceeds of the Providing, together with however not restricted to using the proceeds of the Providing for proposed acquisitions; and the receipt of all relevant governmental and regulatory approvals, together with the approval of the Alternate, if required.
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Ahead-looking data relies on assumptions that will show to be incorrect, together with however not restricted to the Firm’s means to shut the Providing, if in any respect, the timing of the closing, if in any respect, the expectation of closing further tranches of the Providing, the supposed use of proceeds, the dearth of fabric adjustments to basic financial, market and enterprise situations, and the receipt of all regulatory approvals in respect of the Providing, if required. The Firm considers these assumptions to be affordable within the circumstances. Ahead trying statements tackle future occasions and situations and are reliant on opinions and estimates of administration as of the date such statements and assumptions are made, which contain inherent dangers and uncertainties, recognized and unknown dangers, and different components that will trigger the precise outcomes, degree of exercise, efficiency or achievements of the Firm, because the case could also be, to be materially totally different from these expressed or implied by such forward-looking data, together with however not restricted to these dangers described within the Firm’s public paperwork filed on
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every now and then. Ahead-looking data is topic to enterprise, trade, political and financial dangers and uncertainties and different components that would trigger precise outcomes of operations to vary materially from these expressed or implied within the forward-looking data. All data contained on this press launch, apart from statements of present and historic reality, is ahead trying data.
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Though the Firm has tried to determine essential components that would trigger precise outcomes to vary materially from these contained in forward-looking data, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. The danger components and uncertainties that would trigger precise outcomes to vary materially from the anticipated outcomes or expectations expressed on this press launch, embody, with out limitation: the power of XTM to fulfill the situations to Closing of the Providing, together with acquiring approval of the Alternate on a well timed foundation, or in any respect; that the Providing might not be accomplished on the phrases and timeline indicated, or in any respect; that the Firm’s use of proceeds of the Providing might differ from these indicated; further financing necessities; hostile market situations; and different threat components described every now and then within the Firm’s securities filings.
