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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 $6.40 per share. A2Z is concurrently announcing the pricing of a registered direct offering of 1,406,250 common shares at a purchase price of $6.40 per share. All securities to be sold in the offering are being sold by A2Z. The offerings are expected to close on or about January 29, 2025, subject to the satisfaction of customary closing conditions.
The total gross proceeds to the Company from the offerings are expected to be $30 million, before deducting underwriting discounts and commissions related to the public offering and other estimated offering expenses.
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.