share_log

424B3: Prospectus

SEC ·  Jul 27 04:19
Summary by Futu AI
SMX (Security Matters) PLC, a public limited company listed on The Nasdaq Capital Market under the symbol 'SMX', has filed a prospectus supplement to update and supplement information related to the resale of 69,865 ordinary shares by selling stockholders. This filing, dated July 26, 2024, includes an attached Report on Form 6-K submitted to the SEC on July 22, 2024. The company's ordinary shares closed at $4.37 on July 25, 2024. SMX has entered into a Letter of Intent (LOI) with PMB Partners, LP, to reorganize its existing indebtedness of $1.3 million. The debt restructuring includes a new convertible promissory note and a new promissory note, both maturing on December 31, 2024. Additionally, PMB will exchange shares it owns in True Gold Consortium Pty Ltd for ordinary shares of SMX...Show More
SMX (Security Matters) PLC, a public limited company listed on The Nasdaq Capital Market under the symbol 'SMX', has filed a prospectus supplement to update and supplement information related to the resale of 69,865 ordinary shares by selling stockholders. This filing, dated July 26, 2024, includes an attached Report on Form 6-K submitted to the SEC on July 22, 2024. The company's ordinary shares closed at $4.37 on July 25, 2024. SMX has entered into a Letter of Intent (LOI) with PMB Partners, LP, to reorganize its existing indebtedness of $1.3 million. The debt restructuring includes a new convertible promissory note and a new promissory note, both maturing on December 31, 2024. Additionally, PMB will exchange shares it owns in True Gold Consortium Pty Ltd for ordinary shares of SMX. The company has agreed to register for resale all ordinary shares issued or issuable to PMB under the LOI. The LOI also stipulates that definitive agreements must be executed within 30 days from the effective date, with liquidated damages payable to PMB for any delay. The shares and notes issued will be in a private placement under Section 4(a)(2) of the Securities Act, and will not be registered under the Securities Act or applicable state securities laws.

This announcement is a separate document:

Doc 1

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