A2Z Cust2Mate Solutions Corp. announced its Board of Directors extended the company's share repurchase program, authorizing the repurchase of up to $20 million of its outstanding shares through July 6, 2026. The company believes the repurchase represents an appropriate use of financial resources and will enhance shareholder value as the market price does not adequately reflect the company's underlying value.
Key takeaways
The Board of Directors extended the share repurchase program for an additional three months through July 6, 2026.
The company is authorized to repurchase up to $20 million of its outstanding shares.
The company will use existing cash and cash equivalents to execute the repurchase program.
All common shares purchased under the program will be returned to treasury and cancelled.
Oppenheimer & Co., Inc. is engaged as the broker for the repurchase program.
The repurchase program may be conducted through open market transactions or other methods at prevailing market prices.