Summary by Futu AI
SMX (Security Matters) Public Limited Company, listed on The Nasdaq Capital Market under the symbol 'SMX', has filed a prospectus supplement to update and supplement their prospectus dated July 1, 2024. This supplement pertains to the resale of up to 200,000 ordinary shares by Generating Alpha, Ltd., with the potential to issue and sell these shares to Alpha pursuant to a Stock Purchase Agreement (SPA) dated April 19, 2024. The SPA allows Alpha to purchase up to $30 million of SMX's ordinary shares, post-reverse stock split, at $0.165 par value per share. The filing includes a Form 6-K submitted to the SEC on July 22, 2024, which contains additional information. Furthermore, SMX has entered into a Letter of Intent (LOI) with PMB Partners, LP to restructure existing...Show More