SMX Secures $5.5 Million in Securities Purchase Agreement

The latest update is out from SMX Public Limited Company ( (SMX) ).

On May 7, 2025, SMX Public Limited Company entered into a Securities Purchase Agreement with institutional investors to issue and sell promissory notes, aiming to raise up to $5.5 million. The proceeds are intended for working capital, general corporate purposes, and debt reduction. The initial closing date for this agreement was expected to be around May 8, 2025. The notes, with a principal amount of up to $6.875 million, include a 20% original issue discount and a maturity date 12 months from issuance. Investors have the option to convert the notes into ordinary shares, subject to certain conditions. The transaction, facilitated by RBW Capital Partners LLC, reflects SMX’s strategic move to strengthen its financial position and operational capabilities.

More about SMX Public Limited Company

SMX (Security Matters) Public Limited Company operates in the security and technology industry, focusing on providing solutions for the authentication and traceability of products. The company is based in Dublin, Ireland, and engages in the issuance and sale of securities to institutional investors.

Average Trading Volume: 877,930

Technical Sentiment Signal: Sell

Current Market Cap: $4.71M

For an in-depth examination of SMX stock, go to TipRanks’ Stock Analysis page.