Summary by Futu AI
On April 19, 2024, SMX (Security Matters) Public Limited Company, a foreign private issuer, reported that it had entered into a Stock Purchase Agreement (SPA) with Generating Alpha Ltd., which commits Alpha to purchase up to $30 million of SMX's ordinary shares under certain terms. This agreement follows a note and warrant transaction with Alpha from April 11, 2024. Concurrently, SMX terminated a previous $25 million Standby Equity Purchase Agreement with YA II PN, Ltd. The SPA allows SMX to direct Alpha to purchase shares at specified times and prices, with a minimum mandatory amount for any single purchase and a cap on purchases within a 30-day period. The purchase price of the shares is determined by a set discount to the market price, varying...Show More