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SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Doron Afik(6.9%)

SEC ·  Jun 4 20:47
Summary by Futu AI
On April 29, 2024, Doron Afik, an attorney and legal service provider to SMX (Security Matters) PLC, filed an amendment to a Schedule 13D with the U.S. Securities and Exchange Commission. This amendment reported a significant transaction involving the exchange and conversion of cashless warrants for ordinary shares in the company, as well as the issuance of additional shares as consideration for a previous conversion of debt to equity. As a result of these transactions, Afik now beneficially owns 2,648,863 ordinary shares of SMX, representing approximately 6.9% of the company's issued and outstanding shares. The filing also detailed a Shareholder Voting Agreement between Afik and SMX, which outlines Afik's commitment to vote a portion of his shares in favor of actions proposed by the company's management. The transactions and agreements are part of Afik's investment purposes and ongoing evaluation of his investment in SMX.
On April 29, 2024, Doron Afik, an attorney and legal service provider to SMX (Security Matters) PLC, filed an amendment to a Schedule 13D with the U.S. Securities and Exchange Commission. This amendment reported a significant transaction involving the exchange and conversion of cashless warrants for ordinary shares in the company, as well as the issuance of additional shares as consideration for a previous conversion of debt to equity. As a result of these transactions, Afik now beneficially owns 2,648,863 ordinary shares of SMX, representing approximately 6.9% of the company's issued and outstanding shares. The filing also detailed a Shareholder Voting Agreement between Afik and SMX, which outlines Afik's commitment to vote a portion of his shares in favor of actions proposed by the company's management. The transactions and agreements are part of Afik's investment purposes and ongoing evaluation of his investment in SMX.

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