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 stated that 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. This move signals management's confidence in the company's long-term growth strategy and its commitment to returning value to shareholders.
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 provides A2Z with additional flexibility to buy back shares as market conditions allow.
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 extension of the share repurchase program could have significant implications for investors and the retail technology industry. By reducing the number of outstanding shares, the company aims to increase earnings per share, potentially boosting the stock price. This action may also signal to the market that A2Z's leadership sees its shares as undervalued, which could attract new investors. For the industry, A2Z's continued investment in its Smart Cart platform reflects the growing importance of AI and data analytics in retail, where personalized shopping experiences and in-store engagement are becoming key competitive differentiators.
For more information on A2Z Cust2Mate Solutions Corp., visit the company’s newsroom at https://ibn.fm/AZ.
