A2Z Smart Technologies Announces Voluntary Withdrawal of Short Form Base Shelf Prospectus

Rhea-AI Summary

A2Z Smart Technologies Corp. (TSXV:AZ, NASDAQ:AZ) has voluntarily withdrawn its amended preliminary short form base shelf prospectus filed on July 26, 2022, citing unfavorable market conditions. The company's innovative solutions, including its flagship Cust2Mate self-checkout system, aim to enhance retail shopping efficiency by streamlining payment processes. This withdrawal indicates a cautious approach to capital raising amid current market challenges.

Positive

• Cust2Mate self-checkout technology enhances the retail shopping experience.
• Voluntary withdrawal reflects caution in a challenging market environment.

Negative

• Withdrawal of the prospectus may hinder potential capital raising efforts.

TEL AVIV, ISRAEL / ACCESSWIRE / October 17, 2022 / A2Z Smart Technologies Corp. ("A2Z" or the "Company") (TSXV:AZ)(NASDAQ:AZ) announces that it has decided to voluntarily withdraw the amended and restated preliminary short form base shelf prospectus of the Company that was filed on July 26, 2022, due to among, other things, market conditions.

About A2Z Smart Technologies Corp

A2Z Smart Technologies Corp. creates innovative solutions for complex challenges. A2Z's flagship product is the world's first proven-in-use mobile self-checkout shopping chart. With its user-friendly smart algorithm, touch screen, and computer-vision system, 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

IMS Investor Relations

John Nesbett/Jennifer Belodeau
Telephone: 203.972.9200
Email: a2z@imsinvestorrelations.com

SOURCE: A2Z Smart Technologies Corp.

View source version on accesswire.com:
https://www.accesswire.com/720579/A2Z-Smart-Technologies-Announces-Voluntary-Withdrawal-of-Short-Form-Base-Shelf-Prospectus

FAQ

Why did A2Z Smart Technologies withdraw its prospectus?

A2Z Smart Technologies withdrew its prospectus due to unfavorable market conditions.

What is Cust2Mate by A2Z Smart Technologies?

Cust2Mate is a mobile self-checkout shopping cart that allows customers to scan and pay for items in their cart, streamlining the shopping experience.

What is the stock symbol for A2Z Smart Technologies?

The stock symbol for A2Z Smart Technologies is AZ, listed on both TSXV and NASDAQ.

When was the prospectus of A2Z Smart Technologies originally filed?

The amended and restated preliminary short form base shelf prospectus was filed on July 26, 2022.