Summary by Moomoo AI
On February 16, 2024, SMX (Security Matters) Public Limited Company announced an underwriting agreement with EF Hutton LLC for a public offering of approximately 12.125 million ordinary shares at $0.24 per share, aiming to raise about $2.9 million. The offering includes an option for purchasers to receive Pre-Funded Warrants to avoid exceeding a 4.99% ownership threshold. The net proceeds are expected to be approximately $2.67 million after underwriting discounts and expenses. The offering is scheduled to close on February 20, 2024, subject to customary closing conditions. The shares and warrants are being offered under a previously filed and now effective registration statement on Form F-1. The company also issued a press release on the same day to announce the offering and its pricing.