Summary by Futu AI
SMX (Security Matters) PLC has filed an amendment to its Registration Statement on Form F-1 with the United States Securities and Exchange Commission (SEC) on June 18, 2024. This amendment, known as Amendment No. 1, addresses a comment from the SEC staff received on June 6, 2024, concerning the company's ability to issue shares when the market price is below $0.20. The original Stock Purchase Agreement erroneously included a clause that would prevent the company from sending a Put Notice if the stock price fell below this threshold. SMX has corrected this mistake by refiling the Stock Purchase Agreement as Exhibit 10.76, removing the incorrect sentence, and will amend its Form 6-K accordingly. Additionally, the company has revised the maximum put amount from $500,000 to $833,333 over a...Show More