share_log

424B3: Prospectus

SEC ·  Sep 11 16:36
Summary by Moomoo AI
SMX (Security Matters) Public Limited Company, a Nasdaq-listed company, has announced a series of financial transactions involving the issuance of new shares and the restructuring of existing debt. The company has entered into agreements with PMB Partners LP, including a Prospectus Supplement, a Subscription Agreement, a Notes Exchange Agreement, a Share Exchange Agreement, and amendments to its Incentive Equity Plan. The Prospectus Supplement details the issuance of up to 628,232 ordinary shares, potentially resulting from the conversion of a promissory note and exercise of warrants held by a selling stockholder. The Subscription Agreement outlines the issuance of 51,809 ordinary shares to PMB Partners in exchange for waiving certain rights and releasing collateral shares. The Notes Exchange Agreement involves the restructuring of...Show More
SMX (Security Matters) Public Limited Company, a Nasdaq-listed company, has announced a series of financial transactions involving the issuance of new shares and the restructuring of existing debt. The company has entered into agreements with PMB Partners LP, including a Prospectus Supplement, a Subscription Agreement, a Notes Exchange Agreement, a Share Exchange Agreement, and amendments to its Incentive Equity Plan. The Prospectus Supplement details the issuance of up to 628,232 ordinary shares, potentially resulting from the conversion of a promissory note and exercise of warrants held by a selling stockholder. The Subscription Agreement outlines the issuance of 51,809 ordinary shares to PMB Partners in exchange for waiving certain rights and releasing collateral shares. The Notes Exchange Agreement involves the restructuring of a $1 million senior secured note into a new $800,000 convertible note and a $500,000 senior promissory note. The Share Exchange Agreement covers the exchange of shares in True Gold Consortium Pty Ltd for 29,115 ordinary shares of SMX. Additionally, the company has amended its 2022 Incentive Equity Plan to increase the number of authorized shares and granted equity awards to executives, directors, consultants, and advisors. These transactions are part of SMX's ongoing efforts to manage its liabilities and working capital needs.

This announcement is a separate document:

Doc 1

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