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 decision reflects management’s belief that the current share price does not adequately reflect the company’s underlying value and future prospects, making the repurchase program an appropriate use of capital to enhance shareholder value.
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. 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 underscores the company’s commitment to returning value to shareholders and its confidence in its long-term growth trajectory.
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 comes as the company continues to advance its product offerings and expand its market presence. For more details on the announcement, view the full press release at https://ibn.fm/zfG7i.
The implications of this announcement are significant for investors. By extending the buyback program, A2Z signals that its stock is undervalued and that it intends to deploy capital to support the share price. This can boost investor confidence and potentially attract new shareholders. Additionally, the cancellation of repurchased shares reduces the total outstanding share count, which can increase earnings per share and improve key financial metrics. For a company focused on innovative retail technology, this move highlights a disciplined approach to capital allocation while pursuing growth.
For the latest news and updates relating to A2Z, visit the company’s newsroom at https://ibn.fm/AZ.
