Summary by Moomoo AI
SMX (Security Matters) Public Limited Company, listed on The Nasdaq Capital Market under the symbol 'SMX', has filed a Prospectus Supplement No. 3 to update and supplement their prospectus dated May 2, 2024. This filing pertains to the resale of up to 487,281 ordinary shares by a selling stockholder, which were acquired through the conversion of $657,203 of indebtedness into ordinary shares. The supplement includes information from the company's Report on Form 6-K submitted to the SEC on June 7, 2024. Additionally, SMX announced an amendment to its Stock Purchase Agreement with Generating Alpha Ltd., increasing the maximum monthly raise amount from $500,000 to $833,333 and shortening the lock-up period on commitment shares from three months to one month. The amendment was signed on June 7, 2024, by CEO Haggai Alon. Investors are advised to consider the risk factors detailed on page 16 of the original prospectus before investing.