SMX (Security Matters) Public Limited Company has filed a Prospectus Supplement to update information related to the resale of up to 15,000,000 ordinary shares. The supplement, filed on July 9, 2024, pertains to a Stock Purchase Agreement with Generating Alpha, Ltd., which may result in the sale of up to $30 million worth of shares. Additionally, SMX completed a financing agreement with Canterbury Group Ltd. on July 8, 2024, issuing a promissory note and warrants for gross proceeds of approximately $615,000. The funds are intended for working capital and general corporate purposes. The note has a maturity date of September 2, 2024, with a one-time interest charge and a conversion option for the investor under certain conditions. Furthermore, in July 2024, SMX issued over 4 million ordinary shares to former...Show More

SMX (Security Matters) Public Limited Company has filed a Prospectus Supplement to update information related to the resale of up to 15,000,000 ordinary shares. The supplement, filed on July 9, 2024, pertains to a Stock Purchase Agreement with Generating Alpha, Ltd., which may result in the sale of up to $30 million worth of shares. Additionally, SMX completed a financing agreement with Canterbury Group Ltd. on July 8, 2024, issuing a promissory note and warrants for gross proceeds of approximately $615,000. The funds are intended for working capital and general corporate purposes. The note has a maturity date of September 2, 2024, with a one-time interest charge and a conversion option for the investor under certain conditions. Furthermore, in July 2024, SMX issued over 4 million ordinary shares to former debtholders to settle liabilities, along with 67,500 5-year warrants to one debtholder. These transactions are part of the company's strategy to manage its liabilities while conserving cash. The ordinary shares and public warrants of SMX are listed on The Nasdaq Capital Market under the symbols 'SMX' and 'SMXWW' respectively, with the closing price of the ordinary shares at $0.1277 on July 9, 2024.