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424B3: Prospectus

SEC ·  Sep 11 16:31

Summary by Moomoo AI

SMX (Security Matters) Public Limited Company has filed a prospectus supplement to update and supplement information related to the resale of 126,428 ordinary shares by Generating Alpha Ltd. This filing is connected to a previous prospectus and a report submitted to the SEC on September 10, 2024. The company has also completed a promissory note financing agreement with an institutional investor for gross proceeds of $194,500, which will be used for general working capital purposes. The note has a principal amount of $223,675, includes an original issue discount, and carries a one-time interest charge of 10%. It is due on June 30, 2025, with the option for the company to prepay at a discount. Additionally, SMX has entered into a series of definitive agreements with PMB Partners...Show More
SMX (Security Matters) Public Limited Company has filed a prospectus supplement to update and supplement information related to the resale of 126,428 ordinary shares by Generating Alpha Ltd. This filing is connected to a previous prospectus and a report submitted to the SEC on September 10, 2024. The company has also completed a promissory note financing agreement with an institutional investor for gross proceeds of $194,500, which will be used for general working capital purposes. The note has a principal amount of $223,675, includes an original issue discount, and carries a one-time interest charge of 10%. It is due on June 30, 2025, with the option for the company to prepay at a discount. Additionally, SMX has entered into a series of definitive agreements with PMB Partners, LP, including a Letter of Intent for a convertible note and a senior promissory note, and a share exchange agreement. These agreements involve the restructuring of existing liabilities, issuance of new shares, and the release of certain shares held as collateral. The company has also amended its 2022 Incentive Equity Plan to increase the number of authorized ordinary shares. Lastly, SMX has been involved in a contract dispute with R&I Trading of New York, which has sent a termination notice and a demand for arbitration regarding disputed payment amounts under the contract. SMX believes the termination is unlawful and intends to defend against any claims vigorously.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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