A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) has announced that its board of directors has approved a share repurchase program authorizing the company to buy back up to $20 million of its outstanding common shares. The program, which will be executed over a period of up to three months, reflects the company's belief that its current market price does not fully represent its underlying value and future prospects.
The company stated that this initiative represents an appropriate use of financial resources to enhance shareholder value. Oppenheimer & Co. Inc. has been engaged as the broker for the program, which may be executed through open market transactions or other permitted methods in compliance with applicable SEC rules. All shares repurchased under this program will be returned to treasury and canceled.
A2Z Cust2Mate Solutions creates innovative solutions for complex challenges that bring innovation, ease, excitement and value to retailers and shoppers. The company's flagship smart cart solutions are transforming brick-and-mortar retail by bridging online and in-store shopping through interactive technology. These AI-driven smart carts personalize every in-store journey, turning routine shopping trips into engaging, rewarding experiences.
The technology enables seamless in-cart scanning and payment, allowing shoppers to bypass traditional checkout lines while receiving real-time customized offers and product recommendations. This enhanced customer experience boosts satisfaction and loyalty while helping retailers streamline operations and optimize merchandising through data-driven insights. The carts feature multiple layers of security for accurate recognition and transaction integrity.
The company's modular, all-in-one detachable panels can transform legacy shopping cart fleets into intelligent platforms that deliver a range of benefits. This technological advancement represents a significant shift in how retailers can leverage artificial intelligence to improve both customer experience and operational efficiency.
For investors and business leaders tracking retail technology developments, this share repurchase program signals management's confidence in the company's strategic direction and financial health. The decision to allocate $20 million toward buying back shares suggests that company leadership views the current stock price as undervalued relative to the potential of its AI-driven retail solutions.
The latest news and updates relating to AZ are available in the company's newsroom at https://ibn.fm/AZ. The share repurchase announcement was distributed through TechMediaWire, a specialized communications platform focused on pioneering public and private companies driving the future of technology. TechMediaWire is one of 75+ brands within the Dynamic Brand Portfolio at IBN that delivers various communication solutions including wire distribution, article syndication, press release enhancement, and social media distribution.
For the retail industry, A2Z Cust2Mate's continued development of AI-powered shopping solutions represents an important evolution in how physical stores can compete with online retailers. By creating more engaging and efficient in-store experiences, the company's technology addresses key challenges facing traditional retailers in an increasingly digital marketplace. The $20 million share repurchase program demonstrates the company's commitment to creating long-term value as it continues to innovate in the retail technology space.
