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FAQ: A2Z Cust2Mate Solutions Corp.'s $20 Million Share Repurchase Program
TL;DR
A2Z Cust2Mate Solutions' $20 million share repurchase program signals undervaluation, offering investors a potential advantage as buybacks could boost share prices and shareholder returns.
The company will repurchase up to $20 million of common shares via open market transactions over three months through broker Oppenheimer & Co., with shares canceled afterward.
This strategic move enhances shareholder value, supporting A2Z's mission to innovate retail with smart carts that improve shopping experiences and operational efficiency for retailers.
A2Z Cust2Mate uses AI-driven smart carts to transform in-store shopping with real-time offers and seamless payments, bridging online and physical retail experiences.
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The company's board of directors has approved a share repurchase program authorizing the repurchase of up to $20 million of its outstanding common shares over a period of up to three months.
The company states that the program reflects its view that the current market price of its common shares does not fully reflect its underlying value and prospects, and it represents an appropriate use of financial resources to enhance shareholder value.
Oppenheimer & Co. Inc. has been engaged as the broker, and repurchases may be executed through open market transactions or other permitted methods in compliance with SEC rules, with repurchased shares returned to treasury and canceled.
The program is authorized to be executed over a period of up to three months.
Oppenheimer & Co. Inc. has been engaged as the broker for the program.
Shares repurchased under this program will be returned to treasury and canceled.
A2Z Cust2Mate creates innovative solutions for retailers and shoppers, with flagship smart cart solutions that transform brick-and-mortar retail by bridging online and in-store shopping through interactive, AI-driven technology that enables in-cart scanning, payment, and personalized offers.
The press release can be viewed at https://ibn.fm/0LqOL, and the latest news and updates relating to AZ are available in the company's newsroom at https://www.investorbrandnetwork.com/clients/a2z-cust2mate-solutions-corp/.
Curated from InvestorBrandNetwork (IBN)
