A2Z Smart Technologies Corp. Announces Proposed Public Offering of Common Shares

A2Z Smart Technologies Corp. (NASDAQ:AZ) revealed plans for a public offering of common shares or pre-funded warrants. This offering, undertaken solely by the Company, aims to support its ongoing business development, including fulfilling smart cart backlog orders and enhancing client onboarding processes.

ThinkEquity is the exclusive placement agent for this initiative. The offering follows a shelf registration statement on Form F-3, effective since April 21, 2023. A2Z Smart Technologies intends to allocate the net proceeds for its existing business expansion, addressing contracted smart cart backlogs, onboarding new clients, and other working capital needs.

The securities are to be offered based on a written prospectus, as detailed in filings with the U.S. Securities and Exchange Commission. Potential investors are urged to consult the preliminary prospectus supplement and accompanying documents for comprehensive information before investing.

This announcement does not equate to an offer to sell or a bid for purchase in jurisdictions where such actions are prohibited without proper registration or exemptions.