SMX (Security Matters) Public Limited Company has announced the issuance of up to 487,281 ordinary shares as detailed in a Prospectus Supplement filed with the U.S. Securities and Exchange Commission (SEC). This filing updates the information contained in the company's previous prospectus dated May 2, 2024. The ordinary shares are related to the conversion of $657,203 of debt into equity by a selling stockholder. 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, with a principal amount of $750,000, matures on September 2, 2024, and carries a one-time interest charge. The investor may convert the note into...Show More

SMX (Security Matters) Public Limited Company has announced the issuance of up to 487,281 ordinary shares as detailed in a Prospectus Supplement filed with the U.S. Securities and Exchange Commission (SEC). This filing updates the information contained in the company's previous prospectus dated May 2, 2024. The ordinary shares are related to the conversion of $657,203 of debt into equity by a selling stockholder. 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, with a principal amount of $750,000, matures on September 2, 2024, and carries a one-time interest charge. The investor may convert the note into ordinary shares at a fixed price, subject to certain conditions. Furthermore, the company has issued over 4 million ordinary shares to former debtholders, along with 67,500 5-year warrants, as part of its liability management strategy. The ordinary shares of SMX are listed on The Nasdaq Capital Market under the symbol 'SMX', with a closing price of $0.1277 as of July 9, 2024.