A2Z Cust2Mate Solutions Corp. enacts 1-for-2.5 reverse stock split
Ticker: AZ · Form: 6-K · Filed: Oct 8, 2024 · CIK: 1866030
| Field | Detail |
|---|---|
| Company | A2z Cust2mate Solutions Corp. (AZ) |
| Form Type | 6-K |
| Filed Date | Oct 8, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: reverse-split, stock-split, compliance
Related Tickers: AZCS
TL;DR
A2Z Cust2Mate (AZCS) did a 1-for-2.5 reverse split effective Oct 8, shares trading now at higher price.
AI Summary
A2Z Cust2Mate Solutions Corp. announced a 1-for-2.5 reverse share split of its common shares, effective October 8, 2024. The common shares began trading on the Nasdaq Capital Market on a post-split basis on the same date. The company was formerly known as A2Z Smart Technologies Corp. until June 4, 2021.
Why It Matters
Reverse stock splits are often done to increase the share price, potentially making the stock more attractive to institutional investors and avoiding delisting from exchanges.
Risk Assessment
Risk Level: medium — Reverse stock splits can sometimes signal underlying financial difficulties or attempts to artificially inflate share price, which carries inherent risks for investors.
Key Numbers
- 1-for-2.5 — Reverse Share Split Ratio (Indicates the ratio of new shares to old shares after the split.)
Key Players & Entities
- A2Z Cust2Mate Solutions Corp. (company) — Registrant
- October 8, 2024 (date) — Effective date of reverse share split
- Nasdaq Capital Market (company) — Stock exchange
- A2Z Smart Technologies Corp. (company) — Former company name
- June 4, 2021 (date) — Date of former company name change
FAQ
What was the effective date of the reverse share split?
The reverse share split became effective at 12:01 a.m. Eastern Time on October 8, 2024.
On which stock exchange did the post-split shares commence trading?
The common shares commenced trading on the Nasdaq Capital Market on a post-split basis.
What was the company's former name?
The company was formerly known as A2Z Smart Technologies Corp.
When did the company change its name from A2Z Smart Technologies Corp.?
The date of the name change was June 4, 2021.
What is the ratio of the reverse share split?
The company effected a 1-for-2.5 reverse share split.
Filing Stats: 547 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-10-08 17:14:35
Key Financial Figures
- $1.00 m — ng the Company into compliance with the $1.00 minimum bid price requirement for maintai
Filing Documents
- form6-k.htm (6-K) — 22KB
- ex99-1.htm (EX-99.1) — 15KB
- ex99-1_001.jpg (GRAPHIC) — 14KB
- 0001493152-24-040476.txt ( ) — 58KB
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 8, 2024 By /s/ Gadi Graus Gadi Graus Chief Executive Officer EXHIBIT INDEX Exhibit Description of Exhibit 99.1 Press Release dated October 3, 2024