A2Z Smart Technologies Closes Previously Announced US$5.8 Million Registered Direct Offering and Announces New US$1 Million Registered Direct Offering

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Jun 15, 2023

TEL AVIV, ISRAEL / ACCESSWIRE / June 15, 2023 / A2Z Smart Technologies Corp. ("A2Z" or the "Company") (TSXV:AZ, Financial)(NASDAQ:AZ), a global leader in innovative technology solutions, today announced that it closed its previously announced US$5.8 million registered direct offering on June 15, 2023. The company entered into agreements on June 12, 2023 relating to the sale of 3,262,720 common shares, at a purchase price of US$1.80 (CAN$2.41) per share, together with warrants to purchase 1,631,356 common shares at an exercise price of US$2.20 (CAN$2.93) per share for a period of two years from issuance. The gross proceeds from the offering were US$5,872,900 (CAN$7,849,300) before deducting fees and expenses.