SMX (Security Matters) Public Limited Company has announced the issuance of up to 909,090 ordinary shares as detailed in their latest prospectus supplement filed with the SEC. This supplement updates information from their previous prospectus dated May 2, 2024. The ordinary shares are related to warrants held by selling stockholders, which are not registered for resale. Additionally, SMX has completed a financing agreement with Canterbury Group Ltd., issuing a promissory note and warrants for gross proceeds of approximately $615,000 before fees and expenses. The note, with a principal amount of $750,000, matures on September 2, 2024, and includes a one-time interest charge. The investor may convert the note into ordinary shares at a fixed price, subject to limitations. In the event of default, the company could...Show More

SMX (Security Matters) Public Limited Company has announced the issuance of up to 909,090 ordinary shares as detailed in their latest prospectus supplement filed with the SEC. This supplement updates information from their previous prospectus dated May 2, 2024. The ordinary shares are related to warrants held by selling stockholders, which are not registered for resale. Additionally, SMX has completed a financing agreement with Canterbury Group Ltd., issuing a promissory note and warrants for gross proceeds of approximately $615,000 before fees and expenses. The note, with a principal amount of $750,000, matures on September 2, 2024, and includes a one-time interest charge. The investor may convert the note into ordinary shares at a fixed price, subject to limitations. In the event of default, the company could owe significant penalties. Furthermore, the company has issued over 4 million ordinary shares to former debtholders in exchange for debt cancellation, along with 67,500 5-year warrants. These transactions are part of SMX's strategy to manage liabilities and conserve cash. The ordinary shares of SMX are listed on The Nasdaq Capital Market under the symbol 'SMX'.