A2Z Cust2Mate Solutions Extends $20 Million Share Repurchase Program Through Year-End
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A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ), the company behind AI-powered smart shopping carts, announced that its board of directors has extended its previously approved $20 million share repurchase program for an additional six months, now running through December 31, 2026. The extension reflects the company's belief that its current share price does not adequately reflect its underlying value and future prospects, making the buyback a strategic use of capital to boost 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. The 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.
This announcement is significant for Texas-based investors and the broader retail technology industry. A2Z Cust2Mate Solutions, which makes in-store retail smarter by connecting retailers, brands, and shoppers at the Smart Cart, is positioning itself for growth. The Cust2Mate platform 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 helps retailers and brands grow revenue through targeted retail media and real-time shopper engagement at the moment purchase decisions are made. It also 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 signals management's confidence in the company's growth trajectory and its commitment to returning value to shareholders. For investors, this move may indicate that the stock is undervalued and that the company has sufficient cash reserves to fund the buyback without compromising its operational needs.
The impact on the retail industry could be substantial as more retailers adopt smart cart technology to enhance customer experience and gather data. A2Z's continued investment in its own shares may also inspire confidence among potential partners and customers. For more information about A2Z Cust2Mate Solutions Corp., visit the company's newsroom at https://ibn.fm/AZ.
