A2Z Cust2Mate Solutions Corp. Announces Pricing of US$30 Million Public Offering and Concurrent Registered Direct Offering
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) has announced the pricing of two concurrent offerings totaling $30 million. The company is conducting an underwritten public offering of 3,281,250 common shares and a registered direct offering of 1,406,250 common shares, both priced at $6.40 per share.
The offerings are expected to close around January 29, 2025. Titan Partners Group is serving as the sole bookrunner for the public offering. The net proceeds will be used for business development and expansion, including fulfilling contracted smart cart backlog orders, accelerating client onboarding, and working capital purposes.
Both offerings are being made through a shelf registration statement on Form F-3 that became effective on April 21, 2023.
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) ha annunciato il pricing di due offerte concomitanti per un totale di 30 milioni di dollari. L'azienda sta conducendo un'offerta pubblica sottoscritta di 3.281.250 azioni ordinarie e un'offerta diretta registrata di 1.406.250 azioni ordinarie, entrambe valutate a 6,40 dollari per azione.
Si prevede che le offerte si chiuderanno intorno al 29 gennaio 2025. Titan Partners Group sta fungendo da bookrunner esclusivo per l'offerta pubblica. Le entrate nette saranno utilizzate per lo sviluppo e l'espansione dell'attività, inclusi l'adempimento degli ordini in arretrato delle smart cart contrattate, l'accelerazione dell'onboarding dei clienti e per esigenze di capitale circolante.
Entrambe le offerte sono effettuate attraverso una dichiarazione di registrazione a scaffale sul modulo F-3 che è diventata efficace il 21 aprile 2023.
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) ha anunciado la fijación de precios de dos ofertas concurrentes que suman 30 millones de dólares. La compañía está llevando a cabo una oferta pública suscrita de 3.281.250 acciones ordinarias y una oferta directa registrada de 1.406.250 acciones ordinarias, ambas a un precio de 6,40 dólares por acción.
Se espera que las ofertas cierren alrededor del 29 de enero de 2025. Titan Partners Group actúa como el bookrunner exclusivo de la oferta pública. Los ingresos netos se utilizarán para el desarrollo y expansión del negocio, incluyendo el cumplimiento de los pedidos pendientes de carritos inteligentes contratados, acelerando la integración de clientes y para propósitos de capital de trabajo.
Ambas ofertas se están realizando a través de una declaración de registro en estante en el formulario F-3 que se hizo efectiva el 21 de abril de 2023.
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ)은 총 3천만 달러에 해당하는 두 가지 동시 제공의 가격을 발표했습니다. 이 회사는 3,281,250주 일반 주식의 공모를 진행하고 있으며, 1,406,250주 일반 주식의 등록된 직접 제공도 진행하고 있으며, 모두 주당 6.40 달러의 가격으로 책정되었습니다.
이 제공은 2025년 1월 29일경에 마감될 것으로 예상됩니다. Titan Partners Group은 공모에 대한 단독 북런너로 활동하고 있습니다. 순수익은 비즈니스 개발 및 확장, 계약된 스마트 카트의 백로그 주문 이행, 고객 온보딩 가속화 및 운영 자금 목적에 사용될 예정입니다.
두 제공 모두 2023년 4월 21일자로 효력이 발생한 F-3 양식의 선반 등록 명세서를 통해 이루어지고 있습니다.
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) a annoncé la fixation des prix de deux offres concomitantes totalisant 30 millions de dollars. L'entreprise effectue une offre publique souscrite de 3.281.250 actions ordinaires et une offre directe enregistrée de 1.406.250 actions ordinaires, toutes deux au prix de 6,40 dollars par action.
Les offres devraient se clôturer aux alentours du 29 janvier 2025. Titan Partners Group est l'unique bookrunner pour l'offre publique. Les produits nets seront utilisés pour le développement et l'expansion de l'entreprise, y compris le traitement des commandes en cours des chariots intelligents contractés, l'accélération de l'intégration des clients et pour des besoins en fonds de roulement.
Les deux offres sont réalisées par le biais d'une déclaration d'enregistrement à rabais sur le formulaire F-3 qui est entrée en vigueur le 21 avril 2023.
A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) hat die Preissetzung von zwei zeitgleichen Angeboten in Höhe von insgesamt 30 Millionen Dollar bekannt gegeben. Das Unternehmen führt ein öffentliches Angebot von 3.281.250 Stammaktien durch und ein registriertes Direktangebot von 1.406.250 Stammaktien, die beide zu einem Preis von 6,40 Dollar pro Aktie angeboten werden.
Die Angebote werden voraussichtlich am 29. Januar 2025 schließen. Titan Partners Group fungiert als alleiniger Bookrunner für das öffentliche Angebot. Die Nettoerlöse werden für Geschäftsentwicklung und Expansion verwendet, einschließlich der Erfüllung vertraglicher Rückstände von Smart Cart-Bestellungen, der Beschleunigung der Kundenonboarding und zur Finanzierung des Betriebskapitals.
Beide Angebote erfolgen durch eine Shelf-Registrierungserklärung auf dem Formular F-3, die am 21. April 2023 in Kraft trat.
- Secured $30 million in gross proceeds through combined offerings
- Funds allocated for fulfilling existing smart cart backlog orders
- Capital raised will support business expansion and client onboarding acceleration
- Significant shareholder dilution through issuance of 4,687,500 new common shares
- Offering price may represent a discount to market price
Insights
The
The dual-offering structure, combining a public offering with a registered direct offering, demonstrates sophisticated financial engineering. This approach allows A2Z to diversify its investor base while potentially reducing market impact through the direct placement component. The total new issuance of 4,687,500 shares represents significant dilution but signals strong institutional interest in the company's growth story.
The use of proceeds focuses on three critical areas:
- Fulfillment of contracted smart cart backlog orders - indicating strong existing demand
- Acceleration of new client onboarding - suggesting a robust pipeline
- Working capital enhancement - providing operational flexibility
The selection of Titan Partners Group, a division of American Capital Partners, as sole bookrunner is noteworthy. Their involvement suggests potential access to institutional investors and validates the offering's credibility. The successful execution of this financing provides A2Z with a stronger balance sheet to capitalize on market opportunities in the smart retail technology sector.
TEL AVIV, IL / ACCESS Newswire / January 27, 2025 / A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ)(FRA - WKN: A3CSQ) (the "Company" or "A2Z"), today announced the pricing of an underwritten public offering of 3,281,250 common shares at a public offering price of
The total gross proceeds to the Company from the offerings are expected to be
A2Z intends to use the net proceeds from the offerings for continued development and expansion of existing business, including fulfilment of contracted smart cart backlog orders and acceleration of the onboarding process for new clients, and for working capital purposes.
Titan Partners Group, a division of American Capital Partners, is acting as sole bookrunner for the underwritten public offering.
The securities in the underwritten public offering are being offered pursuant to a prospectus supplement and an accompanying base prospectus forming part of a shelf registration statement on Form F-3 (File No. 333-271226), which was previously filed with the Securities and Exchange Commission (the "SEC") and became effective on April 21, 2023. A preliminary prospectus supplement and accompanying base prospectus relating to the offering was filed with the SEC and is available on the SEC's website at www.sec.gov. A final prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying base prospectus relating to the underwritten public offering may be obtained, when available, by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 29th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at prospectus@titanpartnersgrp.com. These securities are not being offered in Canada and may not be sold in Canada or to residents of Canada.
The securities in the registered direct offering are being offered pursuant to a prospectus supplement and an accompanying base prospectus forming part of a shelf registration statement on Form F-3 (File No. 333-271226), which was previously filed with the Securities and Exchange Commission (the "SEC") and became effective on April 21, 2023. A final prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website located at www.sec.gov. Electronic copies of the final 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 does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Any offer, if at all, will be made only by means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement.
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 offerings, the satisfaction of customary closing conditions and the timing of the offerings,, the gross proceeds, 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 SEC.
Contact Information:
John Gildea
VP corporate communication
John@a2zas.com
00353 86 8238177
SOURCE: A2Z Cust2Mate Solutions Corp.
View the original press release on ACCESS Newswire
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