Business
A2Z Announces $20 Million Share Repurchase Program
A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) (the "Company" or "A2Z"), a global leader in innovative technology solutions, today announces that its Board of Directors has approved a share repurchase plan authorizing the Company to repurchase up to $20 million of its outstanding common shares in the open market effective immediately and continuing for up to three months ("Repurchase Program").
About this update from A2z Cust2mate Solutions Corp.
[{"type":"text","content":"TORONTO, Jan. 7, 2026 /CNW/ - A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) (the "Company" or "A2Z"), a global leader in innovative technology solutions, today announces that its Board of Directors has approved a share repurchase plan authorizing the Company to repurchase up to $20 million of its outstanding common shares in the open market effective immediately and continuing for up to three months ("Repurchase Program").","length":458,"tagName":"p"},{"type":"text","content":"The Company believes that the market price of its common shares does not adequately reflect the Company's underlying value and prospects and that the repurchase of the Company's common shares represents an appropriate use of the Company's financial resources and will enhance shareholder value.","length":306,"tagName":"p"},{"type":"text","content":"The Company has engaged Oppenheimer & Co., Inc. as its broker for the Repurchase Program. The Repurchase Program may be conducted through open market transactions or by other methods at prevailing market prices, subject to market conditions and in compliance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission (SEC) Rule 10b-18 and/or Rule 10b5-1 requirements. The Company will use its existing cash and cash equivalents to execute the Repurchase Program. All common shares purchased by the Company under the Repurchase Program will be returned to treasury and cancelled.","length":677,"tagName":"p"},{"type":"text","content":"The repurchase program will commence immediately and will terminate no later than April 6, 2026.","length":96,"tagName":"p"},{"type":"text","content":"About A2Z Cust2Mate Solutions Corp.","length":35,"tagName":"p"},{"type":"text","content":"A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) creates innovative solutions for complex challenges that brings innovation, ease, excitement and value to retailers and shoppers. The company's flagship innovative smart cart solutions are transforming brick-and-mortar retail, bridging online and in-store shopping through interactive technology that guides and informs customers. Cust2Mate's AI-driven smart carts personalize every in-store journey, turning routine trips into engaging, rewarding experiences. They enab...