SMX (Security Matters) (NASDAQ: SMX), a company that integrates chemistry, physics and computer science to give materials memory and create a culture of transparency and trust across multiple industries, has completed a previously announced Securities Purchase Agreement. The company filed notification with the U.S. Securities and Exchange Commission that it has issued and sold to an institutional investor a promissory note with a fixed conversion price of $1.6378 along with warrants, resulting in gross proceeds for the company of an estimated $2.5 million, before standard deductions, fees and expenses. According to the filing, SMX anticipates using the funds from the agreement for working capital as well as general corporate purposes; the company noted the funds may also be used for the further rollout of its technology in its major segments of gold, silver, steel, aluminum and cobalt, among other growth purposes.
To view the full filing, visit https://ibn.fm/qSmJQ
About SMX (Security Matters) Public Limited Company
SMX integrates chemistry, physics and computer science to give materials memory and create a culture of transparency and trust across multiple industries. The company’s nearly 100 patents support unique marking, measuring and tracking technologies, allowing clients to seamlessly deploy transparency at all levels of development and provide all stakeholders with a complete provenance of material composition and history, from virgin material to recycled, to address manufacturing challenges and ESG goals while maintaining sustainable growth. As a result, SMX’s technologies help companies address ESG commitments and transition more successfully to a low-carbon economy. For more information, visit the company website at www.SMX.tech.
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