A2Z Cust2Mate Solutions Corp. Announces Aggregate US$4057500 Million Registered Direct Offering priced at $0.75 per share with no warrants
TEL AVIV, ISRAEL / October 2, 2024 / A2Z Cust2Mate Solutions Corp. (the “Company” or “A2Z”) (NASDAQ: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 №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.