SMX Faces Payment Delay from Canterbury Group

SMX Public Limited Company (SMX) has released an update.

SMX Public Limited Company recently announced the sale of a promissory note and warrants to Canterbury Group Ltd. for approximately $615,000, but has yet to receive the payment despite multiple requests. The company disclosed that the investor has terminated the wire transfer and has not provided a new timeline for the payment, leading SMX to rescind the issuance of the note and warrants and consider legal action for breach of contract.

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