Business
A2Z - Shareholders Resolutions + Other Matters
A2Z Smart Technologies Corp publishes the voting results from its Annual General and Special Meeting of Shareholders; announces the Closing of the Company's
About this update from A2z Cust2mate Solutions Corp.
[{"type":"text","content":"A2Z Smart Technologies Corp publishes the voting results from its Annual General and Special Meeting of Shareholders; announces the Closing of the Company's previously announced private placement; regains Compliance with Nasdaq's Market Value of Listed Securities Requirement; and announces the replacement of its Chief Financial Officer TEL AVIV, ISRAEL / ACCESSWIRE / August 12, 2024 / A2Z Smart Technologies Corp. (\"A2Z\") (\"Company\"), (NASDAQ:AZ), a global leader in innovative technology solutions, is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the \"Meeting\") held on Monday, July 29, 2024.The total number of shares represented by shareholders present in person and by proxy at the Meeting was 26,332,602, representing 50.41% of A2Zs issued and outstanding common shares.All of the matters put forward before shareholders for consideration and approval, as set out in the Company's Management Information Circular dated June 26, 2024 (the \"Circular\"), were approved by the requisite majority of votes cast at the Meeting, including, among other topics that were approved, the approval of the name change of the company to A2Z Cust2Mate Solutions Corp.In addition, the Company closed its previously announced private placement from April 2, 2024 of common shares (or common share equivalents) for gross proceeds of approximately $2,395,000 at a purchase price of $0.35 per common share (or common share equivalent). Certain directors and officers of the Company purchased $420,000 value of common shares in the private placement. In connection with the closing, the Company has issued certain non-U.S. residents 451,428 common shares as finders fees.Further, the Company announced today that that on August 1, 2024, it received a formal notice from the Nasdaq Stock Market LLC (\"Nasdaq\") informing the Company that it has regained compliance with the market value of listed securities (\"MVLS\") requirement under Nasdaq Listing Rule 5550(b)(2) (the \"Rule\") for continued listing on the Nasdaq Capital Market.As previously reported, the Company was notified by Nasdaq on April 24, 2024, that it was not in compliance with Nasdaq's Capital Market requirement because it failed to maintain a MVLS of at least $35 million for a period of 30 consecutive business days. To regain compliance with the Ru...