A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) announced that its board of directors has extended the company's previously approved $20 million share repurchase program for an additional six months through Dec. 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 repurchase program an appropriate use of capital to enhance shareholder value.
To date, A2Z has repurchased 987,461 common shares for approximately $6.18 million, excluding broker commissions. This leaves about $13.8 million available for future repurchases under the program. 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.
The announcement underscores A2Z's focus on deploying capital strategically to benefit shareholders. For leaders in business and technology, this move signals that the company sees its stock as undervalued, which may indicate confidence in its growth trajectory and the potential for its AI-powered retail solutions.
A2Z Cust2Mate Solutions Corp. makes in-store retail smarter by connecting retailers, brands, and shoppers at the Smart Cart. The company's Cust2Mate technology 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 platform helps retailers and brands grow revenue through targeted retail media and real-time shopper engagement at the moment purchase decisions are made. It 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. For industry observers, the extension of the buyback program may be seen as a vote of confidence in the company's AI-driven retail solutions, which are positioned to transform the shopping experience and drive efficiency for retailers.
The repurchase program extension comes at a time when many technology companies are reassessing capital allocation strategies. By continuing to buy back shares, A2Z is signaling a long-term view and a commitment to returning value to shareholders. The remaining $13.8 million in authorized repurchases provides a significant buffer for future buybacks, which could support the stock price and signal ongoing confidence.
For more information, visit the company's newsroom at https://ibn.fm/AZ and the full press release at https://ibn.fm/zfG7i.
