10:35 AM EDT, 10/03/2024 (MT Newswires) -- A2Z Cust2Mate Solutions ( AZ ) said Thursday it will implement a 1-for-2.5 reverse split of its shares, effective Tuesday, as the company aims to regain compliance with Nasdaq's minimum bid price requirement of $1 for continued listing.

The shares will also start trading on a post-split basis at market opening Tuesday, the company said.

The reverse stock split will combine and convert more than 62.2 million shares into nearly 24.9 million issued and outstanding new shares, the company added.

Shares of the company fell 4.2% in recent trading.

Price: 0.78, Change: -0.03, Percent Change: -4.20