A2Z Cust2Mate Raises $1.8M Via Share Sale
Ticker: AZ · Form: 6-K · Filed: Oct 15, 2024 · CIK: 1866030
| Field | Detail |
|---|---|
| Company | A2z Cust2mate Solutions Corp. (AZ) |
| Form Type | 6-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2.80, $1,800,000 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-offering, financing, capital-raise
TL;DR
A2Z Cust2Mate sold 642,858 shares at $2.80 for $1.8M on Oct 11.
AI Summary
On October 11, 2024, A2Z Cust2Mate Solutions Corp. entered into a securities purchase agreement with accredited investors to sell 642,858 common shares at $2.80 per share, raising approximately $1.8 million. The company was formerly known as A2Z Smart Technologies Corp. and changed its name on June 4, 2021.
Why It Matters
This capital raise provides A2Z Cust2Mate Solutions Corp. with additional funds, potentially for operational expansion or strategic initiatives, strengthening its financial position.
Risk Assessment
Risk Level: medium — The company is issuing new shares, which can dilute existing shareholders, and the filing does not detail the use of proceeds.
Key Numbers
- $1.8M — Gross Proceeds (Raised from the sale of 642,858 common shares at $2.80 per share on October 11, 2024.)
- 642,858 — Common Shares Sold (Sold to accredited investors on October 11, 2024.)
- $2.80 — Price Per Share (The price at which common shares were sold on October 11, 2024.)
Key Players & Entities
- A2Z Cust2Mate Solutions Corp. (company) — Registrant
- A2Z Smart Technologies Corp (company) — Former company name
- October 11, 2024 (date) — Date of purchase agreement
- 642,858 (number) — Number of common shares sold
- $2.80 (dollar_amount) — Purchase price per share
- $1.8 million (dollar_amount) — Approximate gross proceeds
FAQ
What is the total amount raised from the sale of common shares?
The company agreed to sell 642,858 common shares at $2.80 per share, resulting in gross proceeds of approximately $1.8 million.
When was the securities purchase agreement entered into?
The securities purchase agreement was entered into on October 11, 2024.
How many common shares were sold?
A total of 642,858 common shares were sold.
What was the purchase price per share?
The purchase price per share was $2.80.
What was the company's former name?
The company was formerly known as A2Z Smart Technologies Corp.
Filing Stats: 682 words · 3 min read · ~2 pages · Grade level 13 · Accepted 2024-10-15 14:55:14
Key Financial Figures
- $2.80 — value per share, at a purchase price of $2.80 per share, in a registered direct offer
- $1,800,000 b — from the offering will be approximately $1,800,000 before deducting the offering expenses pa
Filing Documents
- form6-k.htm (6-K) — 23KB
- ex99-1.htm (EX-99.1) — 122KB
- ex99-2.htm (EX-99.2) — 13KB
- ex99-3.htm (EX-99.3) — 8KB
- ex99-2_001.jpg (GRAPHIC) — 10KB
- ex99-2_002.jpg (GRAPHIC) — 3KB
- 0001493152-24-041106.txt ( ) — 185KB
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 15, 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 Press Release dated October 11, 2024