A2Z Cust2Mate Closes Hedia Acquisition, Adding In-Store Retail Media
AZ sits 22% above its 52-week low of $4.97.
Summary
A2Z Cust2Mate has completed its acquisition of Hedia, an in-store retail media business, paying $8.4M cash and issuing 833,333 restricted shares, with up to $6.7M earnout. Hedia has FY25 revenue of approximately $20M and adjusted EBITDA of approximately $2.3M. The deal was previously announced as an agreement, and this marks the closing. The acquisition expands A2Z's smart cart ecosystem into retail media, a high-margin recurring revenue stream. This follows the company's recent retail media agreement with HaStock and its $195M+ contracted order book. The completion removes deal uncertainty and adds a new revenue vertical.
Updated with an SEC 6-K filing · What changed
Updates
· SEC 6-K — A2Z paid $8.4M cash and issued 833,333 restricted shares, with up to $6.7M earnout; Hedia FY25 revenue ~$20M and adjusted EBITDA ~$2.3M.
At the time of this announcement, AZ was trading at $6.08 on NASDAQ in the Technology sector, with a market capitalization of approximately $274.3M. The 52-week trading range was $4.97 to $8.73. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.