A2Z Cust2Mate Solutions announced that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $20 million of its outstanding common shares. The program will be executed over a period of up to three months through open market transactions or other permitted methods in compliance with applicable SEC rules. The company stated that this repurchase program reflects its view that the current market price of its common shares does not fully reflect its underlying value and prospects. According to the announcement, this move represents an appropriate use of financial resources to enhance shareholder value.
Oppenheimer & Co. Inc. has been engaged as broker for the program, with shares repurchased to be returned to treasury and canceled. This announcement comes as the company continues to develop its retail technology solutions that aim to revolutionize the shopping experience. The share repurchase program represents a significant financial commitment by the company's leadership to return value to shareholders while expressing confidence in the company's long-term prospects. A2Z Cust2Mate Solutions creates innovative solutions for complex challenges that bring innovation, ease, excitement and value to retailers and shoppers.
The company's flagship innovative smart cart solutions are transforming brick-and-mortar retail by bridging online and in-store shopping through interactive technology that guides and informs customers. These AI-driven smart carts personalize every in-store journey, turning routine trips into engaging, rewarding experiences. The technology enables seamless in-cart scanning and payment, allowing shoppers to bypass checkout lines while receiving real-time customized offers and product recommendations. This enhanced customer experience boosts satisfaction and loyalty while helping retailers streamline operations and optimize merchandising through data-driven insights.
The carts are equipped with multiple layers of security for accurate recognition and transaction integrity. The company's modular, all-in-one detachable panels transform legacy shopping cart fleets into intelligent platforms that deliver a range of benefits. Investors should note that certain statements in the announcement are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements. For more information about the company's risk factors, please see the full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN.
