SMX Announces $5.5 Million PIPE Offering

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[{"type":"text","content":"NEW YORK, NY AND SINGAPORE / ACCESS Newswire / May 8, 2025 / 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.RBW Capital Partners LLC (a division of Dawson James Securities, Inc.) acted as the placement agent in connection with the offering. Ruskin Moscou Faltischek PC acted as counsel to the Company. Sichenzia Ross Ference Carmel LLP acted as counsel to the placement agent.The notes and the ordinary shares issuable upon the conversion of the notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and, until so registered, may not be offered or sold in the United States or any state absent registration or an applicable exemption from registration requirements. The securities were offered only to accredited investors.Additional details on the transaction will be available in the Company's Form 6-K, which will be filed with the U.S. Securities and Exchange Commission and available at www.sec.gov.This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.For further information contact:SMX GENERAL ENQUIRIESFollow us through our social channel @secmattersltdE:[email protected]@smx.techAbout SMXAs 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...

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