A2Z Cust2Mate Sells Shares for $4.06M
Ticker: AZ · Form: 6-K · Filed: Oct 2, 2024 · CIK: 1866030
| Field | Detail |
|---|---|
| Company | A2z Cust2mate Solutions Corp. (AZ) |
| Form Type | 6-K |
| Filed Date | Oct 2, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.75, $4,057,500 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-sale, capital-raise, registered-offering
TL;DR
A2Z Cust2Mate raises $4.06M by selling 5.4M shares at $0.75 each.
AI Summary
On October 2, 2024, A2Z Cust2Mate Solutions Corp. entered into a securities purchase agreement with accredited investors to sell 5,409,999 common shares at $0.75 per share, raising approximately $4.06 million. The company is registered under the 1934 Act with SEC file number 001-40472.
Why It Matters
This capital raise provides A2Z Cust2Mate Solutions Corp. with funds, potentially for operational expansion or strategic initiatives, impacting its future growth trajectory.
Risk Assessment
Risk Level: medium — The company is issuing new shares, which could dilute existing shareholders, and the filing does not detail the use of proceeds.
Key Numbers
- $4.06M — Proceeds Raised (From the sale of 5,409,999 common shares at $0.75 per share on October 2, 2024.)
- 5,409,999 — Shares Sold (Sold to accredited investors at $0.75 per share.)
Key Players & Entities
- A2Z Cust2Mate Solutions Corp. (company) — Registrant
- October 2, 2024 (date) — Date of Purchase Agreement
- 5,409,999 (number) — Number of common shares sold
- $0.75 (dollar_amount) — Purchase price per share
- $4.06 million (dollar_amount) — Aggregate proceeds from share sale
- 001-40472 (number) — SEC File Number
FAQ
What is the total amount A2Z Cust2Mate Solutions Corp. raised from the sale of its common shares?
A2Z Cust2Mate Solutions Corp. raised approximately $4.06 million from the sale of 5,409,999 common shares.
On what date did A2Z Cust2Mate Solutions Corp. enter into the securities purchase agreement?
The company entered into the securities purchase agreement on October 2, 2024.
What was the purchase price per share for the common shares sold?
The common shares were sold at a purchase price of $0.75 per share.
How many common shares did A2Z Cust2Mate Solutions Corp. agree to issue and sell?
The company agreed to issue and sell an aggregate of 5,409,999 common shares.
What is the SEC file number for A2Z Cust2Mate Solutions Corp.?
The SEC file number for A2Z Cust2Mate Solutions Corp. is 001-40472.
Filing Stats: 740 words · 3 min read · ~2 pages · Grade level 12.2 · Accepted 2024-10-02 16:18:49
Key Financial Figures
- $0.75 — value per share, at a purchase price of $0.75 per share, in a registered direct offer
- $4,057,500 b — from the offering will be approximately $4,057,500 before deducting the offering expenses pa
Filing Documents
- form6-k.htm (6-K) — 24KB
- ex99-1.htm (EX-99.1) — 121KB
- ex99-2.htm (EX-99.2) — 13KB
- ex99-4.htm (EX-99.4) — 13KB
- ex99-2_001.jpg (GRAPHIC) — 6KB
- ex99-2_002.jpg (GRAPHIC) — 2KB
- ex99-4_001.jpg (GRAPHIC) — 6KB
- 0001493152-24-039206.txt ( ) — 190KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. A2Z CUST2MATE SOLUTIONS CORP. (Registrant) Date: October 2, 2024 By /s/ Gadi Graus Gadi Graus Chief Executive Officer EXHIBIT INDEX Exhibit Description of Exhibit 99.1 Form of the Securities Purchase Agreement 99.2 Opinion of Bloch Legal 99.3 Form of Private Warrant (incorporated herein by reference to Exhibit 99.5 on Form 6K filed with the SEC on January 4, 2024) 99.4 Press Release dated October 2, 2024