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