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SMX Public Limited Company ( (SMX) ) has issued an announcement.
On January 23, 2025, SMX (Security Matters) PLC announced an update on its ongoing negotiations with Ybyrá Capital S.A., a commodity and real estate development company in South America. The companies are in the preliminary stages of structuring a potential transaction under a non-binding Heads of Agreement signed on December 5, 2024. This involves assessing Ybyrá’s asset quality and value, which is crucial for compliance with U.S. and Brazilian laws, as well as Nasdaq requirements. However, definitive transaction documents have not yet been drafted, and there is no assurance that the transaction will be completed within the initially targeted timeline or at all, posing uncertainties for shareholders and stakeholders.
More about SMX Public Limited Company
SMX (Security Matters) PLC operates in the security industry, focusing on providing unique certifying processes for assets. The company is known for its technical expertise and operates primarily in ensuring compliance with regulatory and listing requirements.
YTD Price Performance: -73.04%
Average Trading Volume: 1,366,274
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.53M
Find detailed analytics on SMX stock on TipRanks’ Stock Analysis page.
