A2Z Cust2Mate Extends $20M Share Repurchase Program Through Year-End

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. The program, initially authorized earlier, allows the company to buy back its common shares as it believes the current share price does not adequately reflect its underlying value and future prospects.

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 stated that the repurchase program is 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 of the share repurchase program underscores A2Z's confidence in its business strategy and financial position. 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.

The announcement is significant for investors as it signals management's belief that the stock is undervalued and their commitment to returning capital to shareholders. Share repurchase programs can support stock prices by reducing the number of shares outstanding, potentially increasing earnings per share. For A2Z, which operates in the competitive retail technology space, this move may enhance investor confidence.

For more details, the full press release is available at https://ibn.fm/zfG7i. Additional information about A2Z Cust2Mate Solutions Corp. can be found in the company's newsroom at https://ibn.fm/AZ.