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. 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 company said it believes 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. 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 extension comes as A2Z Cust2Mate Solutions continues to innovate in the retail technology space. The company makes in-store retail smarter by connecting retailers, brands, and shoppers at the Smart Cart. Cust2Mate 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.
The share repurchase program extension signals management's confidence in the company's growth trajectory and its commitment to returning capital to shareholders. By repurchasing shares when the stock is perceived as undervalued, A2Z aims to provide immediate value to existing shareholders while positioning for long-term growth. The remaining $13.8 million authorization provides significant flexibility for future buybacks, which could support the stock price and reduce share count, potentially boosting earnings per share.
Investors and analysts will be watching closely to see how the company utilizes the remaining authorization and whether further extensions or expansions of the program occur. For more details, the full press release is available at https://ibn.fm/zfG7i. The latest news and updates relating to AZ are available in the company's newsroom at https://ibn.fm/AZ.
