A2Z Cust2Mate Solutions Corp. to Close US$4 Million Share Offering in October
Gadi Graus, CEO of A2Z and Cust2Mate
A2Z Cust2Mate Solutions Corp. (AZ), a global leader in innovative technology solutions, today announced that it has entered into a definitive securities purchase agreement with certain accredited investors to issue, in a registered direct offering, up to 5,409,999 common shares at a purchase price of US$0.75 per share. Subject to customary closing conditions, the transaction is expected to close on or around Wednesday, October 2, 2024. A2Z anticipates that the net proceeds from this offering, after deducting offering expenses, will be used for working capital and general corporate purposes. No placement agent was used or participated in the offering.
The common shares in the offering are being offered pursuant to a "shelf" registration statement on Form F-3 (File No. 333-271226), which was declared effective by the Securities and Exchange Commission (the "SEC") on April 21, 2023. A prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC. Electronic copies of the prospectus supplement and the accompanying prospectus relating to the registered direct offering may be obtained, when available, at the SEC's website at http://www.sec.gov. These securities are not being offered in Canada and may not be sold in Canada or to residents of Canada.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
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Cust2Mate
Cust2Mate is a leading global provider of Smart Shopping Carts for brick-and-mortar retailers. Our mission is to unlock the full potential of every in-store shopping journey, through digitalization and personalization.