Summary by Futu AI
On July 2, 2024, Doron Afik, an attorney providing legal services to SMX (Security Matters) PLC, filed an amendment to the original Schedule 13D report with the SEC. This amendment, the second to the original report, details the conversion of an owed amount of $564,795 and 500,000 redeemable warrants into 1,874,374 Ordinary Shares and an equal number of 3-year cashless warrants of SMX, following a pre 75:1 reverse stock split. Additionally, Afik received 2,778 Ordinary Shares upon the vesting of restricted stock units. The filing indicates that Afik's acquisition of securities is for investment purposes and that he may engage in discussions with the company's management or board regarding potential extraordinary corporate transactions. As of the filing date, Afik beneficially owns a number of Ordinary Shares that represents a certain percentage of the company's issued and outstanding shares, which includes shares underlying vested stock options, the Cashless Warrants, and 5-year warrants exercisable at a specific price.
