SMX (Security Matters) Public Limited Company (NASDAQ: SMX) has closed on the underwritten public offering of securities that was previously announced. According to the announcement, the public offering totaled an estimated $3.24 million, before underwriting discounts and commissions as well as offering expenses are deducted; that amount also excludes any exercise of the underwriter’s option to purchase additional securities. The company reported that the public offering included 13,333,333 ordinary shares, 13,333,333 warrants in the form of warrant A to subscribe for 13,333,333 ordinary shares, and 13,333,333 warrants in the form of warrant B to subscribe for 13,333,333 ordinary shares. In addition, the company granted the underwriter a 45-day option to subscribe for additional ordinary shares and warrants. The announcement noted that, at the closing, the underwriter exercised its option for an aggregate of 1,999,999 warrant A and 1,999,999 warrant B warrants. EF Hutton, division of Benchmark Investments LLC, acted as sole underwriter and bookrunner for this offering.
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About SMX (Security Matters) Public Limited Company
SMX is a pioneering technology company that has emerged to address the global demand for greater transparency, efficiency, and resilience across industries. As global businesses face new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards, SMX is able to offer players along the value chain access to its marking, tracking, measuring and digital platform technology to transition more successfully to a low-carbon economy. For more information about the company, visit www.SMX.tech.
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