A2Z Cust2Mate Deepens Migros Ticaret A.Ş. Relationship to Transform In-Store Shopping with Smart Carts

Rhea-AI Summary

A2Z Cust2Mate (NASDAQ: AZ) announced on Jan 5, 2026 that its next-generation smart cart platform will be available at select stores of Migros Ticaret A.Ş., Türkiye's leading supermarket chain operating approximately 3,800 stores. The modular, data-powered platform retrofits shopping carts into connected engagement hubs that blend online capabilities with in-store experiences.

The initial rollout targets select Migros stores in Q3 2026 with plans to scale to a chain-wide transformation. The deployment is positioned to enhance shopper engagement, increase basket size, strengthen loyalty, and improve operational efficiencies while enabling retail media opportunities.

Positive

• Migros partnership with a retailer operating ~3,800 stores
• Initial rollout targets Q3 2026 in select stores
• Next-generation modular platform upgrades prior Cust2Mate deployments

Negative

• Initial deployment limited to select stores (Q3 2026), not immediate chain-wide coverage

Key Figures

Migros store base approximately 3,800 stores Türkiye store count for Migros Ticaret A.Ş.

Migros rollout timing Q3 2026 Initial rollout of Cust2Mate next-generation smart carts

Purchase orders pipeline >$110 million Commercialization pipeline disclosed for smart cart platform

Super Sapir contract value $30 million Total contract value for 3,000 smart carts

Super Sapir carts 3,000 carts Smart shopping carts ordered by Super Sapir

Aggregate proceeds $42,403,000.00 Aggregate proceeds before expenses from 2025-09-18 offering

Underwriting discount $2,597,000.00 Underwriting discount/commissions in 2025-09-18 prospectus supplement

Net tangible book value $0.88 per share Net tangible book value per share as of June 30, 2025

Market Reality Check

$7.70 Last Close

Volume Volume 420,495 is near its 20-day average of 433,611, suggesting typical trading interest pre-announcement. normal

Technical Shares at $6.83 are trading below the 200-day MA of $8.11, indicating a longer-term downtrend despite the recent bounce.

Peers on Argus

AZ gained 4.92% while peers were mixed: BZAI rose 4.55% but TRAK, EGHT, MTLS, and LAW declined between about -2.68% and -6.53%, pointing to a stock-specific reaction rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 31	Conference participation	Positive	+1.2%	ICR conference and NRF showcase to increase investor and customer visibility.
Dec 11	Leadership expansion	Positive	-4.5%	New regional sales heads appointed to drive Americas and Europe growth.
Dec 10	Investor meeting	Positive	-2.8%	Virtual investor event outlining strategy and >$110M commercialization pipeline.
Dec 03	New deployment deal	Positive	+0.9%	Smart cart rollout agreement with Central American retailer targeting full chain.
Nov 25	Large purchase order	Positive	+16.9%	Order for 3,000 smart carts from Super Sapir with recurring revenue model.

Pattern Detected

Recent positive corporate updates have produced mixed reactions, with some strong gains but also notable selloffs on otherwise favorable news.

Recent Company History

Over the past months, A2Z Cust2Mate has announced several commercial and investor-focused milestones. These include a $30 million order for 3,000 smart carts from Super Sapir in H1 2026, a Central America deployment agreement targeting chain-wide rollout, and a commercialization pipeline with purchase orders exceeding $110 million. Investor outreach stepped up via virtual meetings and conference appearances, including ICR and NRF 2026. Today’s Migros Ticaret expansion fits this pattern of gradually scaling global smart cart partnerships across multiple regions and large-format retailers.

Market Pulse Summary

The stock surged +13.5% in the session following this news. A strong positive reaction aligns with recent commercial momentum, including prior deals such as the $30 million Super Sapir contract and a pipeline exceeding $110 million. However, history shows some positive news led to divergences, with shares declining after leadership and investor updates. Investors would have weighed the scale and visibility of this retailer expansion against prior capital-raising activity and overall valuation to assess how sustainable any sharp upside move might be.

Key Terms

prospectus supplement regulatory

"Prospectus supplement summary: The filing discloses an offering..."

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

net tangible book value per share financial

"net tangible book value per share as of June 30, 2025 ($0.88 and $0.87 entries)..."

Net tangible book value per share measures how much of a company’s solid, physical net worth — assets you can touch or convert to cash minus what the company owes — is attributable to each outstanding share, excluding intangible items like goodwill or patents. Investors use it as a conservative, per-share floor value to gauge whether a stock looks cheap or risky compared with its market price, similar to valuing a home by its bricks and land rather than expected rental income.

dilution financial

"a stated dilution in as adjusted net tangible book value per share shown as $6.25."

Dilution occurs when a company issues additional shares, increasing the total number of shares outstanding. This can reduce the ownership percentage and voting power of existing shareholders, similar to slicing a pie into more pieces—each piece becomes smaller. For investors, dilution can mean a reduced stake in the company and potentially lower earnings per share, affecting the value of their investment.

warrant financial

"The document lists warrant-related disclosure items and various issuance expenses..."

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

form 6-k regulatory

"submitted a Form 6-K as a foreign private issuer to notify investors..."

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

form f-3 regulatory

"incorporated by reference into the company’s existing Form F-3..."

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

AI-generated analysis. Not financial advice.

TORONTO, Jan. 5, 2026 /PRNewswire/ - A2Z Cust2Mate Solutions Corp (NASDAQ: AZ), a global leader in smart retail technology, announces  that its smart carts will be available at select stores of  Migros Ticaret A.Ş., Türkiye's leading supermarket chain operating approximately 3,800 stores. Building on Migros' previous adoption of Cust2Mate smart cart technology, this marks the retailer's advancement to Cust2Mate's new-generation smart cart platform.

The advanced platform is modular and data-powered, retrofitting everyday shopping carts into connected engagement hubs that blend online capabilities with in-store experiences. The next-generation deployment is designed to further enhance shopper engagement, increase basket size, strengthen loyalty, and deliver greater operational efficiencies across Migros' store network.

The deal arrives amid growing demand for frictionless, personalized in-store journeys, with retailers investing in solutions that boost efficiencies, reduce shrinkage, and unlock retail media revenue. Initial rollout targets select Migros stores in Q3 2026, scaling to chain-wide transformation.

"Retail is no longer a choice between online and in-store; it's about creating one continuous, frictionless journey that meets shoppers where they are and how they want to buy," said Gadi Graus, CEO of A2Z Cust2Mate. "This adoption of our vision, reflects Migros Ticaret's ongoing trust in our platform as we scale retail transformation and realize the full potential of smart carts in connecting physical and digital retail to serve shoppers, retailers, and brands."

About A2Z Cust2Mate Solutions Corp.

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) creates innovative solutions for complex challenges that brings innovation, ease, excitement and value to retailers and shoppers. The company's flagship innovative smart cart solutions are transforming brick-and-mortar retail, bridging online and in-store shopping through interactive technology that guides and informs customers. Cust2Mate's AI-driven smart carts personalize every in-store journey, turning routine trips into engaging, rewarding experiences. They enable seamless in-cart scanning and payment, allowing shoppers to bypass checkout lines while receiving real-time customized offers and product recommendations. This enhanced customer experience boosts satisfaction and loyalty while helping retailers streamline operations and optimize merchandising through data-driven insights. The carts are equipped with multiple layers of security for accurate recognition and transaction integrity. Its modular, all-in-one detachable panels transform legacy shopping cart fleets into intelligent platforms that deliver a range of benefits. For more information on A2Z Cust2Mate Solutions Corp. and its subsidiary, Cust2Mate Ltd., please visit www.cust2mate.com.

About Migros Ticaret A.Ş.

Migros, Türkiye's leading supermarket chain  founded in 1954 as a joint venture between Istanbul Municipality and Swiss Migros , pioneered modern grocery supply with mobile sales trucks and evolved into a nationwide powerhouse operating approximately 3,800 stores across 81 provinces serving millions through diverse formats like Migros Jet, Macrocenter, and online channels while integrating advanced tech for enhanced customer experiences. 

Forward Looking Statements

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect", "will" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the market for our products, the impact of geopolitical, economic, competitive and other factors affecting the Company and its operations, and other matters detailed in reports filed by the Company with the SEC.

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SOURCE A2Z Cust2Mate Solutions Corp.

FAQ

What did A2Z Cust2Mate (AZ) announce on January 5, 2026 about Migros?

A2Z Cust2Mate announced its next-generation smart cart platform will be available at select Migros stores, with an initial rollout targeting Q3 2026.

How many Migros stores could be affected by the AZ smart cart rollout?

Migros operates approximately 3,800 stores; the rollout begins in select stores and is planned to scale chain-wide.

What features does the Cust2Mate next-generation smart cart platform provide for AZ's Migros deployment?

The platform is described as modular and data-powered, converting carts into connected engagement hubs that blend online capabilities with in-store experiences.

When will AZ's Cust2Mate smart carts first appear in Migros stores?

The press release states an initial rollout targeting select Migros stores in Q3 2026.

What investor-relevant benefits did A2Z Cust2Mate cite for the Migros deployment?

The company cited potential benefits including increased basket size, stronger loyalty, greater operational efficiencies, and retail media revenue opportunities.