SMX (Security Matters) Public Limited Company has announced the completion of a financing transaction with Canterbury Group Ltd. on July 8, 2024, resulting in the issuance of a promissory note and warrants for gross proceeds of approximately $615,000. The funds are intended for working capital and general corporate purposes. The note, with a principal amount of $750,000, matures on September 2, 2024, and includes a one-time interest charge. Additionally, the company has the obligation to pay a 'Fail to Deliver Fee' if it cannot timely deliver Ordinary Shares upon conversion of the note. Furthermore, SMX issued 4,070,403 Ordinary Shares to former debtholders and 67,500 5-year warrants as part of debt settlement agreements. These transactions have led to an automatic downward adjustment of the exercise prices of certain...Show More

SMX (Security Matters) Public Limited Company has announced the completion of a financing transaction with Canterbury Group Ltd. on July 8, 2024, resulting in the issuance of a promissory note and warrants for gross proceeds of approximately $615,000. The funds are intended for working capital and general corporate purposes. The note, with a principal amount of $750,000, matures on September 2, 2024, and includes a one-time interest charge. Additionally, the company has the obligation to pay a 'Fail to Deliver Fee' if it cannot timely deliver Ordinary Shares upon conversion of the note. Furthermore, SMX issued 4,070,403 Ordinary Shares to former debtholders and 67,500 5-year warrants as part of debt settlement agreements. These transactions have led to an automatic downward adjustment of the exercise prices of certain warrants due to anti-dilution protection. The Ordinary Shares of SMX are listed on The Nasdaq Capital Market under the symbol 'SMX', with a closing price of $0.1277 as of July 9, 2024. The company has highlighted the significant risks involved in investing in their Ordinary Shares and advises investors to read the 'Risk Factors' section of the Prospectus.