SMX (Security Matters) Public Limited Company, an Ireland-based company, has filed a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) on September 11, 2024, detailing the issuance of up to 212,287 ordinary shares. The shares consist of existing shares held by selling stockholders, shares potentially issued upon conversion of a promissory note, shares to be issued upon transfer back of interests in a subsidiary, and shares underlying warrants. The company has also entered into a promissory note financing agreement with an institutional investor for gross proceeds of $194,500, intended for general working capital. The note includes an original issue discount and a one-time interest charge, with a maturity date of June 30, 2025. Additionally, SMX has engaged in a series of...Show More

SMX (Security Matters) Public Limited Company, an Ireland-based company, has filed a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) on September 11, 2024, detailing the issuance of up to 212,287 ordinary shares. The shares consist of existing shares held by selling stockholders, shares potentially issued upon conversion of a promissory note, shares to be issued upon transfer back of interests in a subsidiary, and shares underlying warrants. The company has also entered into a promissory note financing agreement with an institutional investor for gross proceeds of $194,500, intended for general working capital. The note includes an original issue discount and a one-time interest charge, with a maturity date of June 30, 2025. Additionally, SMX has engaged in a series of definitive agreements with PMB Partners, LP, including a subscription agreement for the issuance of ordinary shares, a promissory note exchange, and a share exchange agreement related to the subsidiary True Gold Consortium Pty Ltd. The company has also amended its 2022 Incentive Equity Plan, increasing the number of authorized shares and granting equity awards to executives, directors, consultants, and advisors. Furthermore, SMX has disclosed a contract termination and arbitration demand from R&I Trading of New York regarding a supply chain management service.