SMX (Security Matters) Public Limited Company, a company listed on the Nasdaq Capital Market under the symbol 'SMX', has filed a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) on September 11, 2024. This filing updates and supplements the company's previous prospectus related to the resale of up to 69,865 ordinary shares by selling stockholders. The supplement includes information from the company's Form 6-K report submitted to the SEC on September 10, 2024. Additionally, SMX has completed a promissory note financing agreement with an institutional investor, issuing a note for gross proceeds of $194,500 before fees and expenses. The note has a principal amount of $223,675, includes an original issue discount, and carries a one-time interest charge of 10%. It is set...Show More

SMX (Security Matters) Public Limited Company, a company listed on the Nasdaq Capital Market under the symbol 'SMX', has filed a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) on September 11, 2024. This filing updates and supplements the company's previous prospectus related to the resale of up to 69,865 ordinary shares by selling stockholders. The supplement includes information from the company's Form 6-K report submitted to the SEC on September 10, 2024. Additionally, SMX has completed a promissory note financing agreement with an institutional investor, issuing a note for gross proceeds of $194,500 before fees and expenses. The note has a principal amount of $223,675, includes an original issue discount, and carries a one-time interest charge of 10%. It is set to mature on June 30, 2025, with provisions for early prepayment at a discount. The company intends to use the net proceeds for general working capital purposes. Furthermore, SMX has entered into a series of agreements with PMB Partners, LP, including a Letter of Intent, Subscription Agreement, Notes Exchange Agreement, Share Exchange Agreement, and Incentive Plan Amendment, as part of its ongoing efforts to manage liabilities and conserve cash. These agreements involve the issuance of new shares, exchange of promissory notes, and amendments to the company's incentive equity plan. SMX has also faced a contract termination and arbitration demand from R&I Trading of New York regarding a supply chain management service to a NATO member state, which the company believes to be unlawful and intends to defend vigorously.