A2Z Cust2Mate Raises $11.68M in Direct Offering
Ticker: AZ · Form: 6-K · Filed: Dec 16, 2024 · CIK: 1866030
| Field | Detail |
|---|---|
| Company | A2z Cust2mate Solutions Corp. (AZ) |
| Form Type | 6-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $6.40, $12,500,000 b, $363,714, $2,000,000, $10,500,000 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: direct-offering, capital-raise, common-stock
TL;DR
A2Z Cust2Mate sells 1.95M shares at $6 for $11.68M cash.
AI Summary
On December 12, 2024, A2Z Cust2Mate Solutions Corp. entered into a securities purchase agreement with accredited investors to sell 1,947,000 common shares at a price of $6.00 per share. This registered direct offering is expected to raise approximately $11.68 million before deducting offering expenses. The company, formerly known as A2Z Smart Technologies Corp., is based in Vancouver, British Columbia.
Why It Matters
This capital infusion could fund operational growth or strategic initiatives for A2Z Cust2Mate Solutions Corp., potentially impacting its market position and future performance.
Risk Assessment
Risk Level: medium — The company is raising capital through a direct offering, which can sometimes indicate a need for funds or a dilution event for existing shareholders.
Key Numbers
- $11.68M — Gross Proceeds (Raised from the sale of 1,947,000 common shares at $6.00 per share.)
- 1,947,000 — Shares Sold (Common shares issued in the direct offering.)
- $6.00 — Price Per Share (The price at which shares were sold to accredited investors.)
Key Players & Entities
- A2Z Cust2Mate Solutions Corp. (company) — Registrant
- December 12, 2024 (date) — Date of Purchase Agreement
- 1,947,000 (dollar_amount) — Number of common shares to be sold
- $6.00 (dollar_amount) — Purchase price per share
- $11.68 million (dollar_amount) — Gross proceeds from the offering
- A2Z Smart Technologies Corp. (company) — Former company name
FAQ
What is the total gross amount A2Z Cust2Mate Solutions Corp. expects to raise from this offering?
The company expects to raise approximately $11.68 million before deducting offering expenses.
How many common shares is A2Z Cust2Mate Solutions Corp. selling in this offering?
The company is selling an aggregate of 1,947,000 common shares.
What is the purchase price per share for the common shares being offered?
The common shares are being sold at a purchase price of $6.00 per share.
When did A2Z Cust2Mate Solutions Corp. enter into the securities purchase agreement?
The company entered into the securities purchase agreement on December 12, 2024.
What was A2Z Cust2Mate Solutions Corp.'s former name?
The company's former name was A2Z Smart Technologies Corp.
Filing Stats: 814 words · 3 min read · ~3 pages · Grade level 12.8 · Accepted 2024-12-16 12:01:30
Key Financial Figures
- $6.40 — value per share, at a purchase price of $6.40 per share, in a registered direct offer
- $12,500,000 b — from the offering will be approximately $12,500,000 before deducting the offering expenses pa
- $363,714 — llers their loan to CL in the amount of $363,714 no later than December 20, 2024 (the &l
- $2,000,000 — e “Transaction Shares”) for $2,000,000. The Buyer can exercise the option in f
- $10,500,000 b — tal transaction in the amount exceeding $10,500,000 by and including December 31, 2025, the S
Filing Documents
- form6-k.htm (6-K) — 25KB
- ex99-1.htm (EX-99.1) — 122KB
- ex99-2.htm (EX-99.2) — 15KB
- ex99-3.htm (EX-99.3) — 9KB
- ex99-2_001.jpg (GRAPHIC) — 10KB
- ex99-2_002.jpg (GRAPHIC) — 1KB
- 0001493152-24-050141.txt ( ) — 187KB
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: December 16, 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 December 12, 2024