SMX (Security Matters) Public Limited Company (NASDAQ: SMX) has closed on the underwritten public offering of securities that was previously announced. According to the announcement, the public offering totaled an estimated $3.24 million, before underwriting discounts and commissions as well as offering expenses are deducted; that amount also excludes any exercise of the underwriter’s option to purchase additional securities. The company reported that the public offering included 13,333,333 ordinary shares, 13,333,333 warrants in the form of warrant A to subscribe for 13,333,333 ordinary shares, and 13,333,333 warrants in the form of warrant B to subscribe for 13,333,333 ordinary shares. In addition, the company granted the underwriter a 45-day option to subscribe for additional ordinary shares and warrants. The announcement noted that, at the closing, the underwriter exercised its option for an aggregate of 1,999,999 warrant A and 1,999,999 warrant B warrants. EF Hutton, division of Benchmark Investments LLC, acted as sole underwriter and bookrunner for this offering.
To view the full release, visit https://ibn.fm/jgaoq
About SMX (Security Matters) Public Limited Company
SMX is a pioneering technology company that has emerged to address the global demand for greater transparency, efficiency, and resilience across industries. As global businesses face new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards, SMX is able to offer players along the value chain access to its marking, tracking, measuring and digital platform technology to transition more successfully to a low-carbon economy. For more information about the company, visit www.SMX.tech.
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork
