A2Z Cust2Mate Solutions Corp. Receives Nasdaq Deficiency Notification Regarding Annual Meeting
A2Z Cust2Mate Solutions (NASDAQ: AZ) received a Nasdaq notification on Jan 13, 2026 for failure to hold an annual shareholder meeting within 12 months of its fiscal year end, citing noncompliance with Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G).
Rhea-AI Summary
A2Z Cust2Mate Solutions (NASDAQ: AZ) received a Nasdaq notification on Jan 13, 2026 for failure to hold an annual shareholder meeting within 12 months of its fiscal year end, citing noncompliance with Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G). The company expects to consult with Nasdaq and currently anticipates holding the annual meeting on March 31, 2026. The company must submit a plan to regain compliance within 45 calendar days. If Nasdaq accepts the plan and meeting date, an exception of up to 180 days from the fiscal year end may be granted, potentially extending compliance until June 29, 2026. The Nasdaq notice does not have any immediate effect on the listing or trading of the company's securities.
Positive
- Company scheduled annual meeting for March 31, 2026
- May receive Nasdaq exception through June 29, 2026
- Nasdaq notice does not affect trading immediately
Negative
- Noncompliance with Nasdaq Rules 5620(a) and 5810(c)(2)(G)
- Must submit a compliance plan within 45 calendar days
- No assurance Nasdaq will accept the plan or restore compliance
Details
News Market Reaction – AZ
In the Jan 20 session, AZ declined 5.03%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Annual meeting date
- March 31, 2026
- Anticipated shareholder meeting to address Nasdaq deficiency
- Plan deadline
- 45 calendar days
- Time to submit compliance plan to Nasdaq
- Exception period
- 180 calendar days
- Potential extension from fiscal year end to regain compliance
- Compliance deadline
- June 29, 2026
- Latest date Nasdaq may allow to regain compliance
- Share repurchase size
- $20 million
- Board-approved buyback program announced January 7, 2026
- Public offering price
- $0.56
- Price per security in September 18, 2025 prospectus supplement
- Underwriting discount
- $2,597,000.00
- Underwriting commissions disclosed in September 18, 2025 supplement
- Proceeds before expenses
- $42,403,000.00
- Aggregate proceeds disclosed in September 18, 2025 supplement
Historical Context
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Launch of Retail Media Division to monetize in-store smart cart data.
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Orders for 2,000 smart carts with 60-month fees and $15M minimum value.
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Board-approved $20M buyback funded from existing cash and equivalents.
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Smart cart rollout with Migros targeting Q3 2026 and chain-wide scaling.
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Chairman stepped down; CEO became Interim Chairman during search for new chair.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
Nasdaq Listing Qualifications Staff regulatory
Nasdaq Stock Market regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company expects to consult with Nasdaq regarding whether holding the annual meeting, currently anticipated for March 31, 2026, will restore compliance with the Nasdaq Listing Rule 5620(a) and 5810(c)(2)(G) or whether Nasdaq will require any additional action. There can be no assurance that Nasdaq will accept the Company's compliance plan or that the Company will regain compliance within any exception period that may be granted. The Company has 45 calendar days to submit a plan to regain compliance. If Nasdaq does accept the Company's proposed plan and meeting date, then Nasdaq may grant an exception of up to 180 calendar days from the fiscal year end, or until June 29, 2026, to regain compliance.
The Nasdaq letter has no immediate effect on the listing or trading of the Company's securities on the Nasdaq stock market.
About A2Z Cust2Mate Solutions Corp.
A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) creates innovative solutions for complex challenges that bring 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.
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," "will", "expect" 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, statements regarding the Company's intent to submit a compliance plan to Nasdaq, the timing of an annual meeting of shareholders, and the Company's expectations regarding regaining compliance with Nasdaq's listing rules., and other matters detailed in reports filed by the Company with the Securities and Exchange Commission.
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SOURCE A2Z Cust2Mate Solutions Corp.
FAQ
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