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424B3: Prospectus

SEC ·  Jul 26 16:19
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 to update and supplement their prospectus dated July 1, 2024. This supplement pertains to the resale of up to 200,000 ordinary shares by Generating Alpha, Ltd., with the potential to issue and sell these shares to Alpha pursuant to a Stock Purchase Agreement (SPA) dated April 19, 2024. The SPA allows Alpha to purchase up to $30 million of SMX's ordinary shares, post-reverse stock split, at $0.165 par value per share. The filing includes a Form 6-K submitted to the SEC on July 22, 2024, which contains additional information. Furthermore, SMX has entered into a Letter of Intent (LOI) with PMB Partners, LP to restructure existing...Show More
SMX (Security Matters) Public Limited Company, listed on The Nasdaq Capital Market under the symbol 'SMX', has filed a prospectus supplement to update and supplement their prospectus dated July 1, 2024. This supplement pertains to the resale of up to 200,000 ordinary shares by Generating Alpha, Ltd., with the potential to issue and sell these shares to Alpha pursuant to a Stock Purchase Agreement (SPA) dated April 19, 2024. The SPA allows Alpha to purchase up to $30 million of SMX's ordinary shares, post-reverse stock split, at $0.165 par value per share. The filing includes a Form 6-K submitted to the SEC on July 22, 2024, which contains additional information. Furthermore, SMX has entered into a Letter of Intent (LOI) with PMB Partners, LP to restructure existing debt, including the issuance of a new convertible promissory note and a new promissory note, both maturing on December 31, 2024. The LOI also details an exchange of shares in True Gold Consortium Pty Ltd for ordinary shares of SMX and the issuance of additional shares as consideration for PMB entering into the LOI. The shares issued under the LOI will be in a private placement under Section 4(a)(2) of the Securities Act and will not be registered under the Securities Act or applicable state securities laws. The closing price of SMX's ordinary shares was $4.37 on July 25, 2024. The date of the prospectus supplement is July 26, 2024.

This announcement is a separate document:

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