A2Z Cust2Mate Solutions Corp. Announces Aggregate US$4,057,500 Million Registered Direct Offering, priced at $0.75 per share, with no warrants
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ), a global leader in innovative technology solutions, has announced a registered direct offering of up to 5,409,999 common shares at a price of $0.75 per share, totaling an aggregate of US$4,057,500. The offering, which includes no warrants, is expected to close on or around October 2, 2024, subject to customary closing conditions. The company plans to use the net proceeds for working capital and general corporate purposes. The shares are being offered under a previously filed and effective shelf registration statement, with no placement agent involved in the transaction. A2Z has stated that these securities are not being offered in Canada and may not be sold to Canadian residents.
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ), leader globale nelle soluzioni tecnologiche innovative, ha annunciato un offerta diretta registrata di fino a 5.409.999 azioni ordinarie a un prezzo di $0,75 per azione, per un totale complessivo di US$4.057.500. L'offerta, che non include warrant, dovrebbe chiudere il 2 ottobre 2024, soggetta a consuete condizioni di chiusura. L'azienda intende utilizzare i proventi netti per capitale circolante e scopi aziendali generali. Le azioni vengono offerte ai sensi di una precedente dichiarazione di registrazione efficace, senza l'intervento di un agente di collocamento. A2Z ha dichiarato che questi titoli non sono offerti in Canada e non possono essere venduti a residenti canadesi.
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ), un líder global en soluciones tecnológicas innovadoras, ha anunciado una oferta directa registrada de hasta 5,409,999 acciones comunes a un precio de $0.75 por acción, totalizando un agregado de US$4,057,500. Se espera que la oferta, que no incluye garantías, se cierre en o alrededor del 2 de octubre de 2024, sujeta a condiciones de cierre habituales. La compañía planea utilizar los ingresos netos para capital de trabajo y propósitos corporativos generales. Las acciones se ofrecen bajo una declaración de registro de estante previamente presentada y efectiva, sin un agente de colocación involucrado en la transacción. A2Z ha declarado que estos valores no se ofrecen en Canadá y no pueden venderse a residentes canadienses.
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ)는 혁신적인 기술 솔루션의 글로벌 리더로서, 등록 직접 발행을 통해 최대 5,409,999 주의 보통주를 주당 $0.75의 가격으로 발행한다고 발표했습니다. 총 거래 금액은 US$4,057,500입니다. 이 제안은 보증서 없이 진행되며, 2024년 10월 2일 경에 마감될 것으로 예상되며, 일반적인 마감 조건이 적용됩니다. 회사는 순수익을 운영 자본과 일반 기업 목적으로 사용할 계획입니다. 주식은 이전에 제출된 유효한 선등록신청서에 따라 제공되며, 거래에는 배치 에이전트가 관여하지 않습니다. A2Z는 이러한 증권이 캐나다에서 제공되지 않으며 캐나다 거주자에게 판매될 수 없다고 밝혔습니다.
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ), un leader mondial des solutions technologiques innovantes, a annoncé une offre directe enregistrée allant jusqu'à 5.409.999 actions ordinaires à un prix de $0,75 par action, totalisant US$4.057.500. L'offre, qui ne comprend pas de bons de souscription, devrait se clore vers le 2 octobre 2024, sous réserve des conditions de clôture habituelles. La société prévoit d'utiliser les produits nets pour le fonds de roulement et les objectifs d'entreprise généraux. Les actions sont proposées dans le cadre d'une déclaration d'enregistrement de shelf précédemment déposée et efficace, sans agent de placement impliqué dans la transaction. A2Z a déclaré que ces titres ne sont pas offerts au Canada et ne peuvent pas être vendus à des résidents canadiens.
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ), ein globaler Marktführer für innovative Technologielösungen, hat ein eingetragenes Direktangebot von bis zu 5.409.999 Stammaktien zu einem Preis von $0,75 pro Aktie angekündigt, insgesamt US$4.057.500. Es wird erwartet, dass das Angebot, das keine Warrants beinhaltet, am oder um den 2. Oktober 2024 geschlossen wird, vorbehaltlich der üblichen Abschlussbedingungen. Das Unternehmen plant, die Nettoerlöse für Betriebskapital und allgemeine Unternehmenszwecke zu verwenden. Die Aktien werden gemäß einer zuvor eingereichten und effektiven Shelf-Registrierungserklärung angeboten, ohne dass ein Platzierungsagent an der Transaktion beteiligt ist. A2Z hat erklärt, dass diese Wertpapiere nicht in Kanada angeboten werden und möglicherweise nicht an kanadische Einwohner verkauft werden dürfen.
- Raised US$4,057,500 in capital through a registered direct offering
- Offering priced at $0.75 per share, with no warrants attached
- Proceeds to be used for working capital and general corporate purposes
- No placement agent fees, potentially maximizing net proceeds
- Potential dilution of existing shareholders' ownership
- Offering price of $0.75 per share may be below current market price
Insights
A2Z Cust2Mate Solutions Corp.'s registered direct offering of
The pricing at
The absence of warrants is positive, as it prevents further potential dilution. The use of proceeds for working capital and general corporate purposes indicates the company may be strengthening its balance sheet or preparing for operational expansion.
Investors should monitor how effectively A2Z deploys this capital to drive growth and improve its financial position. The impact on the stock price in the short term may be negative due to dilution, but long-term prospects depend on the company's ability to generate returns from this new funding.
The registered direct offering by A2Z Cust2Mate Solutions Corp. is structured to comply with SEC regulations, utilizing a previously filed and effective "shelf" registration statement. This approach allows for a more streamlined capital raising process compared to a new public offering.
Key legal points to consider:
- The use of Form F-3 indicates A2Z is a foreign private issuer, which may have different reporting requirements than domestic U.S. companies.
- The explicit mention that these securities are not being offered in Canada highlights the importance of cross-border securities compliance.
- The absence of a placement agent suggests the company directly negotiated with accredited investors, potentially reducing offering costs but also limiting the distribution network.
Investors should review the prospectus supplement and accompanying prospectus for full details on the offering terms and associated risks. The company's adherence to regulatory requirements in this offering demonstrates a commitment to transparency and compliance in its capital-raising activities.
TEL AVIV, ISRAEL / ACCESSWIRE / 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
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.
About A2Z Cust2Mate Solutions Corp.
A2Z Cust2Mate Solutions Corp. creates innovative solutions for complex challenges. A2Z's flagship product is the world's first proven-in-use mobile self-checkout shopping cart. With its user-friendly smart algorithm, touch screen, and other technologies, Cust2Mate streamlines the retail shopping experience by scanning purchased products and enabling in-cart payment so that customers can simply "pick & go", and bypass long cashier checkout lines. This results in a more efficient shopping experience for customers, less unused shelf-space and manpower requirements, and advanced command and control capabilities for store managers.
Forward Looking Statements
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These statements include, without limitation, statements related to our ability to close the registered direct offering, entry into additional securities purchase agreements, the consummation of additional tranches, if any, and the use of proceeds. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the market and other conditions, the impact of geopolitical, economic, competitive and other factors affecting the Company and its operations, and other factors detailed in reports filed by the Company with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein.
Company Contact:
Gadi Graus, CEO
Gadi.g@a2zas.com
+972-3-3732328
Investor Contact:
John Gildea, VP Corporate Communication
john@a2zas.com
+353-8-68238177
SOURCE: A2Z Cust2Mate Solutions Corp.
View the original press release on accesswire.com
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