SMX Announces Up To $11.0 Million Convertible Note Offering
SMX (NASDAQ:SMX) has announced a private placement of 12-month convertible promissory notes for up to $11.0 million. The offering is structured in multiple closings, with the first closing completed at $3.0 million. A second closing of $3.0 million is expected before the F-1 Registration Statement becomes effective, while third and fourth closings totaling $5.0 million are contingent on the conversion of notes from earlier closings.
The company plans to use the proceeds for working capital, general corporate purposes, and debt repayment. RBW Capital Partners LLC served as placement agent, with Aegis Capital Corp. acting as exclusive advisor for the private placement.
["Initial closing of $3.0 million secured from institutional investors", "Potential total funding of up to $11.0 million through multiple closings", "Proceeds will help strengthen working capital and reduce existing debt"]SMX (NASDAQ:SMX) ha annunciato un collocamento privato di note convertibili a 12 mesi per un importo massimo di 11,0 milioni di dollari. L'offerta è strutturata in più tranche, con la prima tranche già completata per 3,0 milioni di dollari. Una seconda tranche da 3,0 milioni è prevista prima che la Dichiarazione di Registrazione F-1 diventi effettiva, mentre la terza e la quarta tranche, per un totale di 5,0 milioni, dipendono dalla conversione delle note delle tranche precedenti.
L'azienda intende utilizzare i proventi per capitale circolante, scopi aziendali generali e rimborso del debito. RBW Capital Partners LLC ha agito come agente di collocamento, mentre Aegis Capital Corp. è stato consulente esclusivo per il collocamento privato.
- Chiusura iniziale di 3,0 milioni di dollari assicurata da investitori istituzionali
- Finanziamento totale potenziale fino a 11,0 milioni di dollari attraverso più tranche
- I proventi aiuteranno a rafforzare il capitale circolante e a ridurre il debito esistente
SMX (NASDAQ:SMX) ha anunciado una colocación privada de notas convertibles a 12 meses por hasta 11,0 millones de dólares. La oferta está estructurada en múltiples cierres, con el primer cierre completado por 3,0 millones de dólares. Se espera un segundo cierre de 3,0 millones antes de que la Declaración de Registro F-1 entre en vigor, mientras que un tercer y cuarto cierre, que suman 5,0 millones, dependen de la conversión de notas de cierres anteriores.
La compañía planea usar los fondos para capital de trabajo, propósitos corporativos generales y pago de deudas. RBW Capital Partners LLC actuó como agente colocador, y Aegis Capital Corp. fue el asesor exclusivo para la colocación privada.
- Cierre inicial de 3,0 millones asegurado por inversores institucionales
- Financiamiento total potencial de hasta 11,0 millones a través de múltiples cierres
- Los fondos ayudarán a fortalecer el capital de trabajo y reducir la deuda existente
SMX (NASDAQ:SMX)� 최대 1,100� 달러 규모� 12개월 만기 전환사채� 사모 발행한다� 발표했습니다. 이번 발행은 여러 차례� 걸쳐 진행되며, � 번째 클로징에� 300� 달러가 완료되었습니�. � 번째 클로� 300� 달러� F-1 등록 명세서가 효력� 발휘하기 전에 예상되며, � 번째와 � 번째 클로� � 500� 달러� 이전 클로징의 사채 전환� 따라 결정됩니�.
회사� 자금� 운전자본, 일반 기업 목적, 부� 상환� 사용� 계획입니�. RBW Capital Partners LLC가 배정 대행을 맡았으며, Aegis Capital Corp.가 사모 발행� 독점 자문사로 활동했습니다.
- 기관 투자자로부� 확보� 300� 달러 초기 클로�
- 여러 차례 클로징을 통해 최대 1,100� 달러 잠재� 자금 조달
- 자금은 운전자본 강화 � 기존 부� 감축� 기여� 예정
SMX (NASDAQ:SMX) a annoncé un placement privé de billets convertibles à 12 mois pour un montant pouvant atteindre 11,0 millions de dollars. L'offre est structurée en plusieurs tranches, la première tranche ayant déjà été clôturée pour 3,0 millions de dollars. Une deuxième tranche de 3,0 millions est attendue avant que la déclaration d'enregistrement F-1 ne devienne effective, tandis que la troisième et la quatrième tranches, totalisant 5,0 millions, dépendent de la conversion des billets des tranches précédentes.
La société prévoit d'utiliser les fonds pour le fonds de roulement, des besoins généraux d'entreprise et le remboursement de dettes. RBW Capital Partners LLC a agi en tant qu'agent de placement, avec Aegis Capital Corp. en tant que conseiller exclusif pour ce placement privé.
- Clôture initiale de 3,0 millions de dollars sécurisée auprès d'investisseurs institutionnels
- Financement total potentiel allant jusqu'à 11,0 millions de dollars via plusieurs tranches
- Les fonds aideront à renforcer le fonds de roulement et à réduire la dette existante
SMX (NASDAQ:SMX) hat eine Privatplatzierung von 12-monatigen wandelbaren Schuldscheinen in Höhe von bis zu 11,0 Millionen US-Dollar angekündigt. Das Angebot ist in mehreren Abschlüssen strukturiert, wobei der erste Abschluss bereits 3,0 Millionen US-Dollar erreicht hat. Ein zweiter Abschluss über 3,0 Millionen wird erwartet, bevor die F-1-Registrierungserklärung wirksam wird, während der dritte und vierte Abschluss mit insgesamt 5,0 Millionen vom Umtausch der Notizen aus früheren Abschlüssen abhängen.
Das Unternehmen plant, die Erlöse für Umlaufkapital, allgemeine Unternehmenszwecke und Schuldenrückzahlung zu verwenden. RBW Capital Partners LLC fungierte als Platzierungsagent, während Aegis Capital Corp. als exklusiver Berater für die Privatplatzierung tätig war.
- Erstabschluss von 3,0 Millionen US-Dollar von institutionellen Investoren gesichert
- Potenzielle Gesamtfinanzierung von bis zu 11,0 Millionen US-Dollar durch mehrere Abschlüsse
- Die Erlöse sollen das Umlaufkapital stärken und bestehende Schulden reduzieren
- None.
- Potential dilution for existing shareholders upon note conversion
- Additional closings subject to conversion conditions and other requirements
- Unregistered securities with restricted transferability
Insights
SMX secures much-needed $11M convertible note offering, strengthening liquidity while likely diluting existing shareholders.
SMX's announced convertible note offering of up to
The 12-month convertible structure is notable - it provides SMX immediate working capital but will likely result in dilution for existing shareholders when these notes convert to equity. The company explicitly states the proceeds will fund working capital, general corporate purposes, and debt repayment, indicating financial pressure that necessitated this fundraising.
Involving multiple financial partners (RBW Capital Partners as placement agent and Aegis Capital as advisor) for a relatively modest offering suggests the company needed considerable assistance to secure this funding. The conversion-contingent structure of the later tranches creates accountability mechanisms while providing potential runway extension if management executes effectively.
This financing comes at a critical juncture for SMX, whose technology aims to enable tracking of materials in circular economies. While the new capital provides breathing room, the short-term nature and sequential funding structure point to a company that may face ongoing financing challenges unless it can demonstrate meaningful commercial traction.
NEW YORK, NY AND SINGAPORE / / August 5, 2025 / SMX (Security Matters) PLC (NASDAQ:SMX)(NASDAQ:SMXWW), a leader in providing "physical to digital" solutions for a circular economy, today announced the execution and first closing of a securities purchase agreement with institutional investors for the purchase and sale of 12 month, convertible promissory notes for an aggregate purchase price of up to
The first closing was for a purchase price of
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. Aegis Capital Corp. acted as exclusive advisor with respect to the private placement. Ruskin Moscou Faltischek PC acted as transaction and securities counsel to the Company. Sichenzia Ross Ference Carmel LLP acted as counsel to the placement agent. Arthur Cox LLP acted as Ireland counsel to the Company.
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.
Additional details regarding the notes and 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 .
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 ENQUIRIES | Follow us through our social channel @secmattersltd |
@smx.tech |
About SMX
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.
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: the Company's ability to satisfy the closing conditions for the planned second, third and fourth closings of its up to
SOURCE: SMX (Security Matters)
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