A2Z Cust2Mate Solutions Corp. Announces Aggregate $4.06M Registered Direct Offering Of 5.41M Shares, Priced At $0.75/Share, With No Warrants
Portfolio Pulse from Benzinga Newsdesk
A2Z Cust2Mate Solutions Corp. announced a $4.06M registered direct offering of 5.41M shares at $0.75/share, with no warrants. The proceeds will be used for working capital and general corporate purposes.

October 02, 2024 | 12:53 pm
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A2Z Cust2Mate Solutions Corp. is conducting a $4.06M registered direct offering of 5.41M shares at $0.75/share. The funds will be used for working capital and general corporate purposes.
The issuance of new shares typically dilutes existing shareholders' equity, which can lead to a short-term decrease in stock price. However, the absence of warrants and the use of proceeds for working capital and corporate purposes may mitigate some negative impact.
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