BloxX Financial Announces Intent to Merge with Digital Asset Monetary Network (DATI), Forming Minority Led Diversified Conglomerate

United States, 7th Mar 2025, - BloxX Financial, a dynamic Holdings company specializing in emerging markets led by Kenneth Reece announced its intent to merge with Digital Asset Monetary Network, Inc. (DATI), a publicly traded company focused on developing and deploying innovative digital asset solutions, on the final day of Black History Month. This strategic merger aims to combine the strengths of both organizations to accelerate growth, expand market reach, and deliver enhanced value to shareholders.

Following a comprehensive analysis of DATI's financials, operations, and strategic potential, BloxX has identified a compelling opportunity to leverage DATI's digital asset solutions through their relationships, growth strategies , innovative technology, established user base and experienced management team to enhance its existing  ecosystem.Key Highlights of the Proposed Merger:

•    Strategic Synergy: The merger will create a powerful synergy by combining DATI's public market presence and digital asset infrastructure with BloxX Financial's Revenue Generating Portfolio.
•    Expanded Market Reach: The combined entity will gain access to a broader customer base and expand its market presence in the rapidly evolving digital asset landscape.
•    Accelerated Innovation: The merger will facilitate the development and deployment of cutting-edge digital solutions, leveraging the combined expertise and resources of both companies.
•    Enhanced Shareholder Value: The transaction is expected to drive significant long-term value for BloxX shareholders through increased revenue potential, operational efficiencies, and strategic growth initiatives.

Transaction Details:
The proposed merger will be structured as a reverse merger, with DATI merging into BloxX Financial. The transaction is subject to customary closing conditions, including the completion of due diligence, the execution of definitive agreements, and regulatory approvals.

Due Diligence and Timeline:
BloxX Financial and DATI have agreed to a 60-business-day due diligence period, with a structured 72-hour window for finalizing the Memorandum of Understanding (MOU). The companies are committed to a transparent and efficient process to ensure a timely and successful closing. BloxX is targeting Q2 2025 for GAAP readiness.

Leadership Integration:
The executive team of DATI will integrate into BloxX Financial to ensure operational continuity and drive the combined companies' strategic vision.

Management Commentary:
"This proposed merger with DATI represents a significant milestone for BloxX Financial," said Kenneth Reece, CEO of BloxX Financial

"we look forward to building wealth generationally by consolidating industries and investing into the future infrastructure of this economy and country. Our combined goal is to follow the proven Berkshire Hathaway model and grow sustainable, tangible , businesses for years to come. Today marks the first Big Step towards a reality in which the future markets reflect a structured look into the purchasing power and impact of our companies. We are here to stay and plan to be around in perpetuity and our business will be built around that."

DATI Chairman Ajene Watson has stated,

“We are excited about the potential to combine our strengths and accelerate the development of innovative digital asset solutions. We believe this transaction will create significant value for our shareholders and position us as a leader in the rapidly evolving digital asset market.”