TEL AVIV, ISRAEL / ACCESSWIRE / June 4, 2021 / A2Z Smart Technologies Corp. (“A2Z” or “Company”) (TSXV: AZ) (OTCQX: AAZZF), an innovative technology company specializing in state of the art automation technology and electronic technology, announced today (following its press release of April 9, 2021, May 11, 2021, and May 14, 2021) which has received final approval from the TSX Venture Exchange (“TSXV”) in its two private advertisements previously announced locations (col Collectively, the “Offer”). The Offering resulted in the issuance of a total of 3,916,986 units (the “Units”) at a price of CAD 2.72 per unit, for a gross product of CAD 10.65 million. Each unit consists of a common share of the company (each a “unit share”) and a common stock purchase guarantee (the “guarantee”). 663,299 of the participation shares are restricted until September 15, 2021 and 3,253,687 of the participation shares are restricted until September 29, 2021. Each guarantee entitles the holder to acquire an additional ordinary share of the company ( each a “guarantee action”), after payment to the company of 3.68 CAD per guarantee action. 663,299 of the Warrants will expire on April 14, 2023 and 3,253,687 will expire on May 28, 2023. In connection with the offer a search engine fee of $ 563,737 CAD was paid.
“Closing this funding provides us with the financial strength to execute our business plan and pursue the important market opportunity we face,” commented Bentsur Joseph, CEO of AZZ Smart Technologies, and continued: “A key part of our strategy is to meet the growing demand for our smart cart solution, Cust2Mate, which is revolutionizing the traditional retail shopping experience by leveraging AI to provide buyers with a shopping experience “more personalized without the inefficiency of the starting lines. We see considerable interest from retailers and look forward to continuing to deploy it around the world.”
About A2Z Smart Technologies Corp
A2Z Smart Technologies Corp. creates innovative solutions to complex challenges. AZZ’s flagship product is the world’s first proven mobile automatic check graphic in use. With its easy-to-use smart algorithm, touch screen and computer vision system, Cust2Mate streamlines the retail shopping experience by automatically scanning purchased products and allowing payment on the cart so customers can simply “choose and go ”and avoid the long box office. lines. This translates into a more efficient shopping experience for customers, less unused labor and shelf space requirements, and advanced command and control features for store managers. Cust2Mate’s SAAS software solution also provides shelf heat maps for specific advertising, direct marketing, and special promotions that generate revenue and profits for retailers.
Additional A2Z products include advanced automotive fire prevention systems, pump deactivation robots, and portable power systems. The goal of all A2Z products is to save time, save money and save lives.
For additional information, visit: https://a2zas.com
Twitter: @ a2z_advanced
On behalf of the company,
Bentsur Joseph, CEO
Neither TSX Venture Exchange nor its regulatory service provider (as defined in the TSX Venture Exchange policies) assumes responsibility for the adequacy or accuracy of this release.
Disclaimer: TSX Venture Exchange Inc. has not in any way passed on the merits of the company nor has it approved or disapproved the contents of this press release. Neither TSX Venture Exchange nor its regulatory service provider (as defined in the TSX Venture Exchange policies) assumes responsibility for the adequacy or accuracy of this release. This press release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important company documents that are occasionally submitted to SEDAR (shown at www .sedar.com). Readers are cautioned not to rely too heavily on these forward-looking statements, which only speak from the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or anything else. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the titles described herein in the United States or elsewhere. These securities have not been and will not be registered in the United States Securities Act of 1933, as amended, or in any state securities legislation, and may not be offered or sold in the United States or to persons other than which are registered or exempt from these values. .
A2Z Smart Technologies Corp.
Gadi Levin, Chief Financial Officer
Phone: + 972-8-932-4333
SOURCE: A2Z Smart Technologies Corp.
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