v3.26.1
WARRANTS AND OPTIONS
 3 Months Ended
Mar. 31, 2026
Warrants And Options  
WARRANTS AND OPTIONS

NOTE 7 - WARRANTS AND OPTIONS

 

a) Warrants

 

  (i) Warrant transactions for the three months ended March 31, 2026, and for the year ended December 31, 2025, are as follows:

 

   Number   Weighted Average Exercise Price 
Balance, January 1, 2025   4,928,329   $6.17 
Expiry of warrants   (721,239)     
Exercise of warrants   (3,474,595)     
Warrants issued in the January 2025 Registered Direct Offering and September 2025 underwritten public offering   554,313      
Balance, December 31, 2025   1,286,808   $13.39 
Exercise of warrants   (252,967)     
Balance, March 31, 2026   1,033,841   $16.15 

 

During the three-month period ended March 31, 2026, the Company issued 252,967 shares in respect of 252,967 warrants that were exercised for total proceeds of $946.

 

(ii) As at March 31, 2026, the Company had outstanding warrants, enabling the holders to acquire Common Shares as follows:

SCHEDULE OF OUTSTANDING WARRANTS

 

March 31,

2026

   Expiry date  Exercise price  

Exercise price

(USD)

 
 88,440   April 18, 2026  ILS72.563   $22.93 
 433,825   May 28, 2026  ILS72.563   $22.93 
 3,200   October 2, 2026  USD1.88   $1.88 
 183,751   January 29, 2030  USD8.00   $8.00 
 324,625   September 16, 2030  USD10.00   $10.00 
 1,033,841              

 

 

A2Z CUST2MATE SOLUTIONS CORP.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2026

(Unaudited)

(Expressed in thousands of US Dollars, except per share data)

 

NOTE 7 - WARRANTS AND OPTIONS (CONTINUED)

 

b) Stock Options

 

(i) Stock option transactions for the three months ended March 31, 2026, and for the year ending December 31, 2025, are as follows:

SCHEDULE OF STOCK OPTION TRANSACTIONS

 

   Number   Weighted Average Exercise Price (CAD)   Weighted Average Exercise Price (USD) 
Balance January 1, 2025   1,756,670   $5.39   $3.75 
Options cancelled   (127,668)          
Options exercised   (225,332)          
Options granted   2,863,500           
Balance December 31, 2025   4,267,170   $6.14   $8.41 
Options cancelled   (70,000)          
Options exercised   (4,000)          
Options granted   25,000           
Balance March 31, 2026   4,218,170   $8.52   $6.11 

 

(ii) As at March 31, 2026, the Company had outstanding stock options, enabling the holders to acquire Common Shares as follows:

SCHEDULE OF OUTSTANDING STOCK OPTIONS

 

Outstanding as

of March 31,

2026

  

Exercisable as

of March 31,

2026

   Expiry date 

Exercise price

(CAD)

  

Exercise price

(USD)

 
 20,000    20,000   June 3, 2026  CAD21.00   $15.07 
 6,670    6,670   October 28, 2026  CAD20.00   $14.35 
 360,000    360,000   August 2, 2032  CAD8.90   $6.38 
 120,000    120,000   August 21, 2032  CAD10.00   $7.17 
 220,000    220,000   January 4, 2033  CAD4.13   $2.96 
 100,000    100,000   January 4, 2033  CAD4.13   $2.96 
 40,000    40,000   November 25, 2027  CAD5.03   $3.60 
 99,000    91,000   April 18, 2033  CAD4.00   $2.87 
 441,000    146,333   August 14, 2034  CAD2.47   $1.78 
 105,000    35,000   January 15, 2035  CAD8.92   $6.40 
 500,000    500,000   February 2, 2035  CAD8.92   $6.40 
 30,000    10,000   June 20, 2035  CAD2.47   $1.775 
 177,000    -   June 20, 2035  CAD8.92   $6.40 
 224,000    6,667   October 9, 2035  CAD11.15   $8.00 
 500,000    500,000   December 30, 2035  CAD8.36   $6.00 
 1,250,500    805,000   December 30, 2035  CAD11.15   $8.00 
 25,000    -   March 27, 2036  CAD11.15   $8.00 
 4,218,170    2,960,670              

 

Share-based compensation expense is recognized over the vesting period of options. During the three months ended March 31, 2026, share-based compensation of $1,060 was recognized and charged to the Consolidated Statement of Comprehensive Loss (March 31, 2025 – $3,349).

 

 

A2Z CUST2MATE SOLUTIONS CORP.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2026

(Unaudited)

(Expressed in thousands of US Dollars, except per share data)

 

NOTE 7 - WARRANTS AND OPTIONS (CONTINUED)

 

c) RSUs

 

RSUs transactions for the three months ended March 31, 2026, and for the year ending December 31, 2025, are as follows:

SCHEDULE OF RSU’S TRANSACTIONS

 

   Number 
Balance, January 1, 2025   110,667 
RSUs granted   1,545,000 
Expiry of RSUs   (6,000)
Exercise of RSUs   (219,667)
Balance, December 31, 2025   1,430,000 
Exercise of RSUs   (400,000)
Balance, March 31, 2026   1,030,000 

 

Total exercisable RSUs as of March 31, 2026, are 500,000, another 500,000 RSU’s are milestone based RSU’s for which the milestones have not yet been achieved and 30,000 have not yet vested. During the three months ended March 31, 2026, share-based compensation of $815 was recognized and charged to the Consolidated Statement of Comprehensive Loss (March 31, 2025 – $520).

 

 

A2Z CUST2MATE SOLUTIONS CORP.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2026

(Unaudited)

(Expressed in Thousands of US Dollars, except per share data)