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TEL AVIV - A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) has priced an upsized and oversubscribed underwritten public offering of 5,625,000 common shares at $8.00 per share, the company announced Tuesday. The company, with a market capitalization of approximately $310 million, has seen its stock surge nearly 30% year-to-date, according to InvestingPro data.
The offering, expected to close on or about September 18, 2025, is set to generate approximately $45 million in gross proceeds before deducting underwriting discounts, commissions, and other estimated expenses. The company’s strong liquidity position is reflected in its healthy current ratio of 3.29, indicating robust ability to meet short-term obligations.
Wellington Management led the offering alongside several institutional investors, including what the company described as "a leading global long-only investment manager" and "a premier alternative asset manager," as well as A2Z’s largest existing shareholders.
A2Z plans to use the net proceeds to fund continued development and expansion, including financing the mass manufacturing and deployment of smart carts, marketing and sales efforts, expanding retail media and data capabilities, and for working capital purposes.
Titan Partners Group, a division of American Capital Partners, is serving as the sole bookrunner for the public offering.
A2Z Cust2Mate Solutions develops mobile self-checkout shopping carts that allow customers to scan products and make in-cart payments, eliminating the need to wait in checkout lines. The company has demonstrated solid growth, with revenue increasing by 19% in the last twelve months. InvestingPro analysis reveals 11 additional key insights about the company’s performance and potential, available to subscribers.
The securities are being offered through a prospectus supplement and accompanying base prospectus forming part of a shelf registration statement previously filed with the Securities and Exchange Commission.
According to the press release statement, the offering does not constitute an offer to sell securities in Canada or to Canadian residents.
In other recent news, A2Z Cust2Mate Solutions Corp. secured a significant $55 million purchase order from Israeli supermarket chain Yochananof for 5,000 smart shopping carts. This deal includes deploying up to 250 carts per large store and 100 carts for medium-sized locations, with completion expected by the end of 2026. Additionally, A2Z Cust2Mate acquired retail media and data rights from Yochananof, allowing them to monetize digital services on their smart carts. Benchmark has reiterated its Buy rating for A2Z Smart Technology, maintaining a $20.00 price target following these developments.
Moreover, A2Z Cust2Mate sold its Israeli subsidiary, A2ZMS Advanced Military Solutions Ltd., for 500,000 Israeli shekels. The transaction was approved by all non-interested directors and involved an independent valuation. In another development, the company secured a $25 million order for 3,000 Cust2Mate 3.0 Smart Carts from Trixo, targeting a major retail chain in Latin America. The rollout is scheduled to begin in the first quarter of 2026, with a recurring revenue model applied.
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