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SMX increased its potential funding to $116.5M by adding a $5M convertible note with a 20% discount, removing crypto purchase conditions, and closing before year-end.
SMX (Security Matters) PLC on December 9, 2025, amended its standby equity purchase agreement, increasing the potential funding to $116.5 million by adding a $5 million convertible promissory note with a 20% original issue discount, raising its face value to $6.25 million.
The note is expected to close before year-end, pending standard conditions.
The company removed prior requirements to use funds for cryptocurrency purchases if its shares close above $10 per share.
The securities were offered in a private placement under exemptions from SEC registration, and SMX plans to file a registration statement for resale of conversion shares.
RBW Capital Partners LLC served as placement agent.
The company emphasized forward-looking statements involve risks and uncertainties.
SMX aumentó su financiamiento potencial a $116.5M al agregar un billete convertible de $5M con un descuento del 20%, eliminando las condiciones de compra de criptomonedas y cerrando antes de fin de año.