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A2Z Smart Technologies Corp. (OTCQB:AAZZF) is implementing a share consolidation of one post-consolidation share for every three pre-consolidation shares, effective August 19, 2021. This move aims to raise the trading price of its shares to meet NASDAQ's $4.00 minimum listing requirement. Currently, there are 71,308,707 shares outstanding, which will reduce to approximately 23,769,569 shares post-consolidation. The company continues to roll out its Cust2Mate smart cart platform globally, which is designed to enhance retail efficiency.
A2Z Smart Technologies has commenced a pilot program for its Cust2Mate smart shopping carts with a major grocery store operator in Mexico, which owns over 250 stores. The 60-day pilot will implement twenty smart carts at a flagship location, aiming for a successful outcome that could expand their use to more than 20 additional stores. This innovation is designed to enhance customer experience by allowing automatic scanning and in-cart payment, thereby reducing checkout times.
A2Z Smart Technologies Corp. (OTCQX:AAZZF) announced the engagement of IMS Investor Relations to enhance its investor communications as it focuses on consumer markets with the global rollout of its Cust2Mate smart shopping cart solution. CEO Bentsur Joseph emphasized the need for a strong U.S. presence and effective communication strategies. The contract spans six months at $8,000 per month. A2Z specializes in innovative solutions, including the Cust2Mate system, aimed at improving retail efficiency. The company acknowledges potential risks as it expands in the marketplace.
A2Z Smart Technologies Corp (OTCQX:AAZZF) announced the final approval from the TSX Venture Exchange for its recent private placements, raising CAD$10.65 million through the issuance of 3,916,986 units. Each unit includes one common share and one warrant, with warrants expiring between April 2023 and May 2023. CEO Bentsur Joseph highlighted the financing's role in executing their business plan and expanding their Cust2Mate smart shopping cart solution, which enhances the retail shopping experience by minimizing checkout inefficiencies.
A2Z Smart Technologies Corp has conditionally closed a second tranche financing of CAD$7.4 million, adding to a previous CAD$1.8 million. This financing involved 2,713,042 units sold at CAD$2.72 per unit, which includes one common share and one warrant per unit. The warrants allow the purchase of additional shares at CAD$3.68 each for 24 months. A finder’s fee may reach 7% of the proceeds. The financing awaits final approval from the TSX Venture Exchange.
A2Z Smart Technologies Corp (OTCQB:AAZZF) announced conditional approval from the TSX Venture Exchange for a private placement aimed at raising up to CAD$10 million. The offering involves 3,676,470 units priced at CAD$2.72 each, with each unit consisting of one common share and a warrant to purchase an additional share at CAD$3.68 for two years. The company will pay up to 5% in finder's fees. This move follows a prior financing that raised CAD$1.8 million in April 2021, where a finder’s fee of CAD$26,275 was also disclosed.
A2Z Smart Technologies Corp has signed a manufacturing contract with AVCO Systems Integrations Ltd for producing cust2mate smart shopping carts. A dedicated manufacturing line will be set up at Avco’s facilities to fulfill upcoming orders for Yochananoff stores and a pilot project in Abu Dhabi. A2Z's CEO highlighted that this agreement enhances their manufacturing capabilities, enabling them to meet existing demands and future business plans.
A2Z Smart Technologies Corp has announced the conditional closing of a private placement financing, generating CAD$1.8 million in gross proceeds, which are currently held in escrow. This financing involved 663,298 units priced at CAD$2.72 per unit. Each unit consists of one common share and one share purchase warrant, allowing the purchase of additional shares at CAD$3.68 per share for 24 months. The company has a total of 1,726,408 units yet to be issued, pending final approval from the TSX Venture Exchange.
A2Z Smart Technologies has announced a significant milestone with a new multi-year contract from the Israeli government, valued at over US$1.5 million. This contract, awarded to its military division, A2Z Military Solutions, will focus on the service and maintenance of complex systems for the Ministry of Internal Security. The contract is set to begin by the end of March 2021. CEO Bentsur Joseph expressed optimism about the revenue boost and highlighted the company's longstanding partnership with government entities.
A2Z Smart Technologies Corp has announced the hiring of 22 new employees at its subsidiary, Cust2Mate, to support its rapid expansion. This move follows the appointment of Rafael Yam as CEO of Cust2Mate, marking a strategic shift towards becoming a sales and product-focused company. The new employees include a Chief Operations Manager, software engineers, computer programmers, and sales specialists, aimed at enhancing product delivery and service quality for global retailers. CEO Bentsur Joseph expressed confidence in the new team's ability to drive growth.
