SMX has executed a Securities Purchase Agreement on July 19, 2024, issuing a convertible promissory note and warrants to an institutional investor for gross proceeds of $747,500. The note carries a principal amount of $1.15 million with a 35% original issue discount and 12-month maturity. Funding is expected by July 26, 2024, with proceeds designated for working capital and general corporate purposes.The note is convertible into ordinary shares at the lesser of $6.10 or 80% of the lowest 20-day VWAP, subject to a 4.99% beneficial ownership limitation. The company also issued warrants for 208,524 ordinary shares at an exercise price of $6.23, valid for 5.5 years. Dawson James Securities Inc. received approximately $7,500 in placement fees.The transaction includes a Registration Rights Agreement for the underlying shares, and the securities were issued through private placement under Section 4(a)(2) of the Securities Act. The company faces trading restrictions on equity and debt securities for 25 business days post-agreement without investor consent.

SMX has executed a Securities Purchase Agreement on July 19, 2024, issuing a convertible promissory note and warrants to an institutional investor for gross proceeds of $747,500. The note carries a principal amount of $1.15 million with a 35% original issue discount and 12-month maturity. Funding is expected by July 26, 2024, with proceeds designated for working capital and general corporate purposes.The note is convertible into ordinary shares at the lesser of $6.10 or 80% of the lowest 20-day VWAP, subject to a 4.99% beneficial ownership limitation. The company also issued warrants for 208,524 ordinary shares at an exercise price of $6.23, valid for 5.5 years. Dawson James Securities Inc. received approximately $7,500 in placement fees.The transaction includes a Registration Rights Agreement for the underlying shares, and the securities were issued through private placement under Section 4(a)(2) of the Securities Act. The company faces trading restrictions on equity and debt securities for 25 business days post-agreement without investor consent.