A2Z Cust2Mate proposes underwritten public offering of common shares

A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) announced it is proposing an underwritten public offering of common shares, according to a company statement. The offering is subject to market and other conditions, with no assurance regarding completion, timing, size or terms.

The company stated it intends to use net proceeds for continued development and expansion, including financing mass manufacturing and deployment of smart carts, marketing and sales activities, expanding retail media and data capabilities, and working capital purposes.

Titan Partners Group, a division of American Capital Partners, will serve as sole bookrunner for the offering.

The securities will be offered under a shelf registration statement on Form F-3 that became effective with the Securities and Exchange Commission on April 21, 2023. A preliminary prospectus supplement and base prospectus describing the offering terms will be filed with the SEC.

A2Z develops technology solutions for retail environments. All securities in the proposed offering will be sold by the company.

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