Summary by Futu AI
SMX Public Limited Company has announced the issuance of up to 212,287 Ordinary Shares as detailed in a prospectus dated August 28, 2024. The prospectus outlines the resale of these shares by Selling Stockholders, which includes shares already issued and outstanding, those potentially acquired from convertible promissory note conversion, shares from the transfer back to the company of interests in True Gold Consortium Pty Ltd, and shares underlying warrants. The Selling Stockholders are permitted to sell their shares at market or through negotiated transactions, and while the company will not benefit directly from these sales, it will receive proceeds from any exercised warrants. SMX, which is listed on The Nasdaq Capital Market under the symbol 'SMX,' is designated as an 'emerging growth company...Show More