Business
SMX Announces Amendment to $111.5M Equity Purchase Agreement
Increases Convertible Note Component by Additional $5 Million, For Total Proceeds of up to $116.5M NEW YORK, NY / ACCESS Newswire / December 9, 2025 / SMX (Security Matters) PLC ("SMX"), the pioneer of molecular "physical-to-digital" marking for supply-chain ...
About this update from Bitcoin
[{"type":"text","content":"Increases Convertible Note Component by Additional $5 Million,","length":62,"tagName":"p"},{"type":"text","content":"For Total Proceeds of up to $116.5M","length":35,"tagName":"p"},{"type":"text","content":"NEW YORK, NY / ACCESS Newswire / December 9, 2025 / SMX (Security Matters) PLC ("SMX"), the pioneer of molecular "physical-to-digital" marking for supply-chain transparency, announced today that it has entered into an amendment (the "Amendment") to its previously announced standby equity purchase agreement (the "Agreement") with accredited investors, to increase the size of the facility by an additional $5 million. In addition, the Agreement was further amended to remove certain obligations of SMX to acquire bitcoin or another cryptocurrency with a portion of the proceeds under the Agreement, as amended, so long as SMX's ordinary shares close above $10/share. The transactions contemplated by the Agreement originally closed on December 3, 2025.","length":797,"tagName":"p"},{"type":"text","content":"Under the terms of the Amendment, the investors will purchase a new convertible promissory note from SMX in the aggregate principal amount of $5.0 million (with an OID of 20%, for a face value of $6.25 million).","length":211,"tagName":"p"},{"type":"text","content":"The closing of the issuance and sale of the new convertible note is expected to occur prior to the end of 2025, subject to satisfaction of customary closing conditions.","length":168,"tagName":"p"},{"type":"text","content":"RBW Capital Partners LLC is acting as the exclusive placement agent for the offering.","length":85,"tagName":"p"},{"type":"text","content":"A copy of the Amendment and the new promissory note will be available in the Company's Report on Form 6-K that will be filed with the Securities and Exchange Commission ("SEC").","length":191,"tagName":"p"},{"type":"text","content":"The promissory note and the shares available upon conversion of the promissory note, were offered in a private placement pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended (the "1933 Act"), and have not been registered under the 1933 Act, and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such...