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424B3: Prospectus

SEC ·  Sep 11 16:37
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 12,121 ordinary shares by selling stockholders. The shares are underlying warrants held by the selling stockholders and are not registered for resale. The supplement is filed in connection with a report submitted to the SEC on September 10, 2024. Additionally, SMX has completed a promissory note financing agreement with an institutional investor for gross proceeds of $194,500, intended 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 set to mature on June 30, 2025, with specific payment dates outlined. SMX has also entered into a Letter of...Show More
SMX (Security Matters) Public Limited Company has filed a prospectus supplement to update and supplement information related to the resale of 12,121 ordinary shares by selling stockholders. The shares are underlying warrants held by the selling stockholders and are not registered for resale. The supplement is filed in connection with a report submitted to the SEC on September 10, 2024. Additionally, SMX has completed a promissory note financing agreement with an institutional investor for gross proceeds of $194,500, intended 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 set to mature on June 30, 2025, with specific payment dates outlined. SMX has also entered into a Letter of Intent with PMB Partners LP, involving a convertible note, a senior promissory note, and other agreements to manage existing liabilities. Furthermore, the company has amended its 2022 Incentive Equity Plan, increasing the number of authorized ordinary shares and granting vested stock units and options to executives, consultants, and advisors. Lastly, SMX has disclosed a contract termination notice and arbitration demand from R&I Trading of New York regarding a supply chain management service to a NATO member state, which SMX believes to be unlawful and intends to defend vigorously.

This announcement is a separate document:

Doc 1

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