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SC 13D: Statement of acquisition of beneficial ownership by individuals

SEC ·  Aug 6 01:07
Summary by Futu AI
On July 16, 2024, PMB Partners LP, along with its general partner PMB GP LLC and sole manager Alberto Morales, filed a Schedule 13D with the SEC, disclosing a 7.84% ownership stake in SMX (Security Matters) Public Limited Company. This filing was necessitated by PMB's acquisition of 51,857 ordinary shares of SMX, following a reverse stock split on July 15, 2024. The shares were obtained through a series of transactions including the conversion of debt owed to PMB by Security Matters PTY, Ltd. into SMX shares and the execution of a Letter of Intent that included various agreements such as share exchanges and investment terms. PMB's acquisition is for investment purposes, and they may engage in discussions with SMX's management and other stakeholders regarding the company's operations and strategic direction. The filing also outlines voting agreements and future potential share issuances as part of the ongoing investment relationship between PMB and SMX.
On July 16, 2024, PMB Partners LP, along with its general partner PMB GP LLC and sole manager Alberto Morales, filed a Schedule 13D with the SEC, disclosing a 7.84% ownership stake in SMX (Security Matters) Public Limited Company. This filing was necessitated by PMB's acquisition of 51,857 ordinary shares of SMX, following a reverse stock split on July 15, 2024. The shares were obtained through a series of transactions including the conversion of debt owed to PMB by Security Matters PTY, Ltd. into SMX shares and the execution of a Letter of Intent that included various agreements such as share exchanges and investment terms. PMB's acquisition is for investment purposes, and they may engage in discussions with SMX's management and other stakeholders regarding the company's operations and strategic direction. The filing also outlines voting agreements and future potential share issuances as part of the ongoing investment relationship between PMB and SMX.
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