Summary by Futu AI
SMX Public Limited Company has been actively engaging in various business developments throughout 2023, with activities set to continue into 2024. The company successfully completed a SPAC transaction with Lionheart III Corp in March 2023, which led to SMX being listed on NASDAQ. In its pursuit of equity financing, SMX initially entered into a Standby Equity Purchase Agreement with YA II PN, LTD for up to $25 million, which was later terminated in favor of a new $30 million agreement with another institutional investor. Additionally, SMX has been issuing shares and warrants as part of its financing strategies and for compensating services. The company has also adopted the 2022 Incentive Equity Plan, designed to grant equity instruments to its executives, directors, employees, and service providers. Other significant developments include acquiring a majority stake in True Gold Consortium Pty Ltd, engaging in agreements for convertible notes and warrants, executing a reverse stock split, and processing transactions for the exercise and conversion of warrants and promissory notes into ordinary shares.