Wire
A2Z Cust2Mate Gets Approval for $30 Million Commercial Credit Line
A2Z Cust2Mate Solutions (AZ) said Thursday it received approval from an Israeli commercial bank for a $30 million commercial line of credit to support the large-scale manufacturing and deployment of its smart shopping carts.The line of credit, which will be secured by purchase orders received by the company, is designated to fund the mass production and deployment of smart carts for existing orders.The approval follows a due diligence process by the bank evaluating the company's technology, purchase orders, and business model, according to A2Z.Shares of A2Z rose more than 4% in Thursday afternoon trading.Price: $6.76, Change: $+0.29, Percent Change: +4.48%
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