SMX Public Ltd Co Completes Share Sale to Institutional Investor
Ticker: SMXWW · Form: 6-K · Filed: Jul 26, 2024 · CIK: 1940674
| Field | Detail |
|---|---|
| Company | Smx (Security Matters) Public Ltd Co (SMXWW) |
| Form Type | 6-K |
| Filed Date | Jul 26, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $747,500, b, $1,150,000, $6.10, $2,000, $6.23 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, equity-issuance
TL;DR
SMX just sold shares to an institutional investor via a July 19th agreement.
AI Summary
On July 19, 2024, SMX (Security Matters) Public Ltd Co entered into a Securities Purchase Agreement with an institutional investor. The company subsequently issued and sold shares to this investor, finalizing the transaction.
Why It Matters
This transaction indicates SMX's ability to secure funding from institutional investors, which can be crucial for its ongoing operations and growth initiatives.
Risk Assessment
Risk Level: low — The filing is a routine report of a completed transaction and does not present immediate financial or operational risks.
Key Players & Entities
- SMX (Security Matters) Public Ltd Co (company) — Registrant
- July 19, 2024 (date) — Date of Securities Purchase Agreement
- institutional investor (company) — Purchaser of shares
FAQ
What was the date of the Securities Purchase Agreement?
The Securities Purchase Agreement was dated as of July 19, 2024.
Who was the counterparty in the Securities Purchase Agreement?
The counterparty was an institutional investor.
What type of filing is this for the SEC?
This is a Form 6-K report of a foreign private issuer.
What is the principal executive office address of SMX?
The principal executive office is located at Mespil Business Centre, Mespil House, Sussex Road, Dublin 4, Ireland.
What is the Commission File Number for SMX?
The Commission File Number is 001-41639.
Filing Stats: 1,176 words · 5 min read · ~4 pages · Grade level 15.6 · Accepted 2024-07-26 16:30:22
Key Financial Figures
- $747,500, b — rdquo;), for gross proceeds to SMX of US$747,500, before deducting fees and other offering
- $1,150,000 — The Note is in the principal amount of $1,150,000 (the “Principal Amount”), a
- $6.10 — conversion price equal to the lesser of $6.10 or 80% of the lowest volume weighted av
- $2,000 — uo;Conversion Default Payment” of $2,000 per day, pursuant to the terms of the N
- $6.23 — dinary Shares, has an exercise price of $6.23 per share, subject to customary adjustm
- $7,500 — Inc., as placement agent, approximately $7,500 in cash fees in relation to the transac
Filing Documents
- form6-k.htm (6-K) — 29KB
- ex4-1.htm (EX-4.1) — 153KB
- ex10-1.htm (EX-10.1) — 173KB
- ex10-2.htm (EX-10.2) — 219KB
- ex10-3.htm (EX-10.3) — 100KB
- 0001493152-24-029247.txt ( ) — 675KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: July 26, 2024 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY By: /s/ Haggai Alon Name: Haggai Alon Title: Chief Executive Officer