SMX Secures Promissory Note Financing
Ticker: SMXWW · Form: 6-K · Filed: Sep 10, 2024 · CIK: 1940674
| Field | Detail |
|---|---|
| Company | Smx (Security Matters) Public Ltd Co (SMXWW) |
| Form Type | 6-K |
| Filed Date | Sep 10, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $194,500, b, $223,675, $29,175, $123,021.00, $30,755.25 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, debt-financing, securities-purchase-agreement
TL;DR
SMX just closed a promissory note financing deal, securing new capital.
AI Summary
On August 30, 2024, SMX (Security Matters) Public Limited Company entered into a Securities Purchase Agreement and issued promissory notes to an institution. The company, formerly known as Empatan Public Ltd Co, is headquartered in Dublin, Ireland.
Why It Matters
This financing indicates SMX is securing capital, which could support its operations and growth initiatives.
Risk Assessment
Risk Level: medium — Financing through promissory notes can sometimes indicate a need for capital and may come with specific repayment terms and interest rates that could impact future financials.
Key Players & Entities
- SMX (Security Matters) Public Limited Company (company) — Registrant
- Empatan Public Ltd Co (company) — Former company name
- August 30, 2024 (date) — Date of Securities Purchase Agreement
- Securities Purchase Agreement (document) — Agreement for financing
FAQ
What is the total amount of the promissory note financing?
The filing does not specify the total dollar amount of the promissory note financing.
Who is the institution that purchased the promissory notes?
The filing refers to the purchaser as 'an institution' but does not name the specific entity.
What are the key terms of the promissory note financing?
The filing mentions the issuance of promissory notes but does not detail the specific terms such as interest rate, maturity date, or repayment schedule.
When was the Securities Purchase Agreement dated?
The Securities Purchase Agreement was dated as of August 30, 2024.
What was the company's former name?
The company's former name was Empatan Public Ltd Co.
Filing Stats: 1,290 words · 5 min read · ~4 pages · Grade level 13.6 · Accepted 2024-09-10 16:48:45
Key Financial Figures
- $194,500, b — for gross proceeds to the Company of US$194,500, before deducting fees and other offering
- $223,675 — The Note is in the principal amount of $223,675 (the “Principal Amount”), w
- $29,175 — ncludes an original issue discount of US$29,175. A one-time interest charge of 10%, or
- $123,021.00 — as follows: (1) on February 28, 2025, US$123,021.00; (2) on March 30, 2025, US$30,755.25; (
- $30,755.25 — US$123,021.00; (2) on March 30, 2025, US$30,755.25; (3) on April 30, 2025, US$30,755.25; (
- $1,500 — Investor shall be entitled to deduct US$1,500 from the conversion amount in each Noti
- $9,000 — LC, as placement agent, approximately US$9,000 in cash fees in relation to the transac
- $800,000 — faith the drafting and execution of a US$800,000 Convertible Note (the “Convertibl
- $500,000 — (the “Convertible Note”), a $500,000 non-convertible promissory note (the &l
- $5 million — ompany announced that it entered into a $5 million contract with R&I Trading of New York (
Filing Documents
- form6-k.htm (6-K) — 33KB
- ex10-1.htm (EX-10.1) — 79KB
- ex10-2.htm (EX-10.2) — 103KB
- ex10-3.htm (EX-10.3) — 42KB
- ex10-4.htm (EX-10.4) — 54KB
- ex10-5.htm (EX-10.5) — 42KB
- ex10-6.htm (EX-10.6) — 68KB
- ex10-7.htm (EX-10.7) — 83KB
- 0001493152-24-035647.txt ( ) — 505KB
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: September 10, 2024 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY By: /s/ Haggai Alon Name: Haggai Alon Title: Chief Executive Officer