News Detail

SMX (Security Matters) Secures Up To $5.5M In Convertible Note Financing From Institutional Investors To Support Working Capital, Corporate Operations, And Debt Reduction

Benzinga · 4d ago

Listen to the news

SMX (Security Matters) PLC (NASDAQ:SMX, SMXWW))), a leader in providing "physical to digital" solutions for a circular economy, today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of 12 month, convertible promissory notes for an aggregate purchase price of up to $5.5 million, in a private placement transaction. The initial closing of the transaction is expected on May 8, 2025.

The Company expects to use the net proceeds from the offering for working capital and general corporate purposes, and to pay down certain outstanding indebtedness and other liabilities of the Company.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.

What's Trending

No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.