Security Matters Public Limited Company (SMX) has entered into a Stock Purchase Agreement (SPA) with an institutional investor on April 19, 2024, for the potential issuance of up to 15 million Ordinary Shares. The SPA stipulates that the investor can purchase shares at a discount of 50% to 95% of the market price, with SMX retaining control over the timing and volume of sales. While SMX will not directly profit from the resale of shares by the investor, it could receive up to $30 million from the initial sales under the SPA. The investor, classified as an 'underwriter' by the Securities Act of 1933, is prohibited from shorting SMX securities during the SPA term. The agreement also limits SMX's ability to engage in any Variable Rate Transactions. The registration statement for this transaction has been filed with the SEC and is under review. As of May 24, 2024, the closing price of SMX's Ordinary Shares on The Nasdaq Capital Market was $0.1986.

Security Matters Public Limited Company (SMX) has entered into a Stock Purchase Agreement (SPA) with an institutional investor on April 19, 2024, for the potential issuance of up to 15 million Ordinary Shares. The SPA stipulates that the investor can purchase shares at a discount of 50% to 95% of the market price, with SMX retaining control over the timing and volume of sales. While SMX will not directly profit from the resale of shares by the investor, it could receive up to $30 million from the initial sales under the SPA. The investor, classified as an 'underwriter' by the Securities Act of 1933, is prohibited from shorting SMX securities during the SPA term. The agreement also limits SMX's ability to engage in any Variable Rate Transactions. The registration statement for this transaction has been filed with the SEC and is under review. As of May 24, 2024, the closing price of SMX's Ordinary Shares on The Nasdaq Capital Market was $0.1986.