TechX Technologies Inc. signed a definitive share purchase agreement to acquire Mobilum OU for CAD 17.9 million on May 26, 2021. Under the terms of the Agreement, the shareholders of Mobilum agreed to sell all of the shares issued and outstanding in Mobilum in consideration of the issuance of 26,666,667 common shares in the capital of TechX Technologies Inc. at a deemed value of $0.60 per Share for a total aggregate consideration of CAD 16 million. The Shares shall be subject to a hold period of four months and one day from issuance.