SMX Secures New Loan Agreement
Ticker: SMXWW · Form: 6-K · Filed: Dec 30, 2024 · CIK: 1940674
| Field | Detail |
|---|---|
| Company | Smx (Security Matters) Public Ltd Co (SMXWW) |
| Form Type | 6-K |
| Filed Date | Dec 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1,000,000, $1,400,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing
TL;DR
SMX just signed a new loan deal with Abri Advisors Ltd. on Dec 27th.
AI Summary
On December 28, 2024, SMX (Security Matters) Public Limited Company entered into a Loan Agreement dated December 27, 2024, with Abri Advisors Ltd. as the Lender. The filing does not specify the loan amount or terms.
Why It Matters
This loan agreement could provide SMX with necessary capital for operations or expansion, impacting its financial stability and future growth prospects.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a loan agreement without immediate negative financial implications.
Key Players & Entities
- SMX (Security Matters) Public Limited Company (company) — Borrower
- Abri Advisors Ltd. (company) — Lender
- December 27, 2024 (date) — Loan Agreement Date
- December 28, 2024 (date) — Loan Agreement Execution Date
FAQ
What is the principal amount of the loan agreement?
The filing does not specify the principal amount of the loan.
What are the interest rate and repayment terms of the loan?
The filing does not disclose the interest rate or repayment terms of the loan.
What is the purpose of this loan agreement for SMX?
The filing does not state the specific purpose of the loan agreement.
Is Abri Advisors Ltd. a new or existing lender for SMX?
The filing does not provide information on whether Abri Advisors Ltd. is a new or existing lender.
Are there any collateral requirements associated with this loan?
The filing does not mention any collateral requirements for the loan.
Filing Stats: 565 words · 2 min read · ~2 pages · Grade level 14.8 · Accepted 2024-12-30 06:30:12
Key Financial Figures
- $1,000,000 — pursuant to which the Company borrowed $1,000,000 from the Lender. Pursuant to the Loan
- $1,400,000 — der at the June 30, 2025 maturity date, $1,400,000, which represents an original issue dis
Filing Documents
- form6-k.htm (6-K) — 19KB
- ex10-1.htm (EX-10.1) — 81KB
- 0001493152-24-052368.txt ( ) — 101KB
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: December 30, 2024 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY By: /s/ Haggai Alon Name: Haggai Alon Title: Chief Executive Officer