SMX Public Limited Company has been actively engaging in various corporate events and financial transactions since the end of 2023. The company secured a significant $5 million contract with R&I Trading of New York to work on a supply chain transparency project for a NATO government member state. In its efforts to raise capital, SMX issued over 12 million Ordinary Shares and Pre-Funded Warrants through a public offering, generating approximately $2.9 million before expenses. Additionally, the company converted a $407,000 loan into a convertible security and issued 100,000 warrants at an exercise price of $0.05. SMX also terminated a financial agreement with YA II PN, LTD and established a new one with an institutional investor for up to $30,000. This investor went on to convert a...Show More

SMX Public Limited Company has been actively engaging in various corporate events and financial transactions since the end of 2023. The company secured a significant $5 million contract with R&I Trading of New York to work on a supply chain transparency project for a NATO government member state. In its efforts to raise capital, SMX issued over 12 million Ordinary Shares and Pre-Funded Warrants through a public offering, generating approximately $2.9 million before expenses. Additionally, the company converted a $407,000 loan into a convertible security and issued 100,000 warrants at an exercise price of $0.05. SMX also terminated a financial agreement with YA II PN, LTD and established a new one with an institutional investor for up to $30,000. This investor went on to convert a convertible promissory note into 2,619,377 Ordinary Shares and exercised warrants for more shares. The company has been issuing Ordinary Shares for various purposes, including compensating service providers, satisfying investor transactions, and as part of warrant exercises and convertible note conversions. Amendments to existing agreements on convertible notes and warrants have been made, which included adjustments to terms and exercise prices. SMX also granted 1.5 million restricted stock units to its officers, directors, and service providers. Shares were issued to EF Hutton, LLC as a non-cash payment for underwriting services. Furthermore, the company entered into a Securities Purchase Agreement with an institutional investor, issuing a promissory note and warrants to raise an additional $2.0 million. Warrants have been exercised and converted into Ordinary Shares as part of inducement offers and private placements.