A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) announced that its board of directors has extended the company's previously approved $20 million share repurchase program for an additional six months through Dec. 31, 2026. To date, A2Z has repurchased 987,461 common shares for approximately $6.18 million, excluding broker commissions, leaving about $13.8 million available for future repurchases under the program.
The company said it believes its current share price does not adequately reflect its underlying value and future prospects, making the repurchase program an appropriate use of capital to enhance shareholder value. Repurchases will continue to be executed by Oppenheimer & Co. Inc. through open market transactions or other permitted methods using existing cash and cash equivalents, with all repurchased shares to be canceled. The extension signals management's confidence in the company's growth trajectory and its commitment to returning capital to shareholders.
A2Z Cust2Mate Solutions Corp. makes in-store retail smarter by connecting retailers, brands, and shoppers at the Smart Cart. Cust2Mate transforms everyday shopping carts into AI-powered, connected commerce platforms that elevate the in-store experience, turning each visit into a seamless, personalized, and rewarding journey. The Smart Cart platform helps retailers and brands grow revenue through targeted retail media and real-time shopper engagement at the moment purchase decisions are made. It delivers actionable, real-time data that provides full visibility into in-store shopper behavior and decision-making. With its modular, state-of-the-art technology, Cust2Mate enables retailers to increase revenue, optimize store operations, and mitigate loss across their chains at scale.
For more information, visit the full press release at https://ibn.fm/zfG7i and the company's newsroom at https://ibn.fm/AZ.
