A2Z Smart Technologies prices 2.8M shares at $1.15 in registered direct offering

A2Z Smart Technologies has entered into a definitive securities purchase agreement with certain accredited investors to issue, in a registered direct offering, up to 2,806,302 common shares at a purchase price of $1.15 per share, together with warrants to purchase 1,403,151 common shares at an exercise price of $1.50 per share for a period of two years from issuance, for aggregate gross proceeds equal to $3.23M. As previously announced, the Company in December 2023 raised $1.5M through the registered direct offering of common shares and warrants on identical terms as the current offering. Subject to customary closing conditions, including the final approval of the TSX Venture Exchange, the transaction is expected to close on or around Monday, January 8, 2024. A2Z anticipates that the net proceeds from this offering, after deducting offering expenses, will be used for working capital and general corporate purposes. No placement agent was used or participated in the offering.