A2Z Smart Technologies Corp entered into binding agreements with certain investors to issue 6,557,143 common shares in a private placement at a purchase price of $0.35 per share for a gross proceeds of $2,295,000.05 on April 2, 2024. The private placement is expected to close within 60 days, subject to satisfaction of closing conditions. The securities with respect to the private placement were offered and will be sold pursuant to the exemption from the registration requirement of the Securities Act of 1933, as amended, provided by Section 4(a)(2) of the Securities Act and Rule 506(b) promulgated thereunder.

Additionally, the Company advises that certain directors and officers of the Company are participating in the registered direct offering and the private placement in an amount of $525,000.