A2Z (NASDAQ: AZ) (FRA: A3CSQ) recently announced the pricing of an underwritten public offering of 3,281,250 common shares, each at a public offering price of $6.40, as well as a registered direct offering of 1,406,250 common shares, each at a purchase price of $6.40. The company expects total gross proceeds of $30 million from the offerings, of which it intends to use the net for working capital and continued development and expansion of existing business. This includes fulfilment of contracted smart cart backlog orders and acceleration of the onboarding process for new clients. Titan Partners Group, a division of American Capital Partners, is acting as sole bookrunner for the underwritten public offering.
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About A2Z Cust2Mate Solutions Corp.
A2Z Cust2Mate Solutions creates innovative solutions for complex challenges. A2Z’s flagship product is the world’s first proven-in-use mobile self-checkout shopping cart. With its user-friendly smart algorithm, touch screen and other technologies, Cust2Mate streamlines the retail shopping experience by scanning purchased products and enabling in-cart payment so that customers can simply “pick & go” and bypass long cashier checkout lines. This results in a more efficient shopping experience for customers, less unused shelf-space and manpower requirements, and advanced command and control capabilities for store managers.
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