A2Z Cust2Mate Extends $20M Buyback Through December, $13.8M Remaining
AZ•A2Z Cust2Mate extended its share repurchase plan by six months, maintaining authorization to buy up to $20 million of common stock through December 31, 2026. The company has repurchased 987,461 shares for $6.18 million to date, leaving $13.8 million capacity to cancel and retire shares.
1. Extension Terms
The board of directors approved a six-month extension of the existing share repurchase program, pushing the expiration date to December 31, 2026. Under the extended plan, the company remains authorized to repurchase up to $20 million of its common shares using existing cash and cash equivalents.
2. Repurchase Progress
Since inception, A2Z Cust2Mate has acquired 987,461 shares at a total cost of $6.18 million, excluding broker commissions. The repurchased shares will be returned to treasury and cancelled upon completion of each transaction.
3. Financial Rationale
Management believes the current market price does not reflect the company’s intrinsic value and prospects, making share repurchases an efficient use of capital. The program is expected to support share price stability and enhance per‐share metrics.
4. Execution and Compliance
Oppenheimer & Co., Inc. remains the designated broker for the repurchase program, which may employ open market transactions or alternative methods. All repurchases will comply with SEC Rule 10b-18 and Rule 10b5-1 requirements.
