On September 11, 2024, SMX (Security Matters) Public Limited Company, a foreign private issuer, reported to the United States Securities and Exchange Commission (SEC) that it had entered into a private placement transaction with certain institutional investors. The transaction, which was facilitated by Aegis Capital Corp. as the lead placement agent and ClearThink Securities as a co-placement agent, raised aggregate gross proceeds of $5.350 million before fees and expenses. The offering included the sale of 5,350,000 Common Units, each comprising one Ordinary Share or Pre-Funded Warrant, and a combination of Series A and Series B Common Warrants. The proceeds from the private placement are intended for general corporate and working capital purposes. The transaction also involved lock-up agreements from the company...Show More

On September 11, 2024, SMX (Security Matters) Public Limited Company, a foreign private issuer, reported to the United States Securities and Exchange Commission (SEC) that it had entered into a private placement transaction with certain institutional investors. The transaction, which was facilitated by Aegis Capital Corp. as the lead placement agent and ClearThink Securities as a co-placement agent, raised aggregate gross proceeds of $5.350 million before fees and expenses. The offering included the sale of 5,350,000 Common Units, each comprising one Ordinary Share or Pre-Funded Warrant, and a combination of Series A and Series B Common Warrants. The proceeds from the private placement are intended for general corporate and working capital purposes. The transaction also involved lock-up agreements from the company's executive officers, directors, and 10% shareholders, restricting the sale of their shares for 90 days post-closing. SMX has committed to filing a registration statement with the SEC to allow for the resale of the Ordinary Shares and those underlying the Warrants and Pre-Funded Warrants. The private placement was not a public offering and was offered only to accredited investors. The company issued press releases on September 11 and September 13, 2024, regarding the pricing and closing of the transactions, respectively.