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SMX Announces Up To $11.0 Million Convertible Note Offering

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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
Positive
  • None.
Negative
  • 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 $11 million represents a significant capital infusion for the company, structured in four sequential closings. The first $3 million has already closed, with another $3 million expected before registration of the underlying shares, and the remaining $5 million contingent on conversion of the first two tranches. This staggered approach suggests investors want to see the company demonstrate progress before committing the full amount.

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 $11.0 million, in a private placement transaction.

The first closing was for a purchase price of $3,000,000, before deducting fees of the placement agent. The second closing of $3,000,000 is expected prior to the effective date of a Registration Statement on Form F-1 to register the ordinary shares of SMX underlying the convertible notes issued in the first and second closings. The third and fourth closings aggregate an additional $5,000,000 in gross proceeds to SMX and are subject to the conversion of all of the principal of the notes issued in the first and second closings and other closing conditions.

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

E:[email protected]

@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 $11.0 million private placement; matters relating to the Company's fight against abusive and possibly illegal trading tactics against the Company's stock; successful launch and implementation of SMX's joint projects with manufacturers and other supply chain participants of steel, rubber, plastic and other materials; changes in SMX's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; SMX's ability to develop and launch new products and services, including its planned Plastic Cycle Token; SMX's ability to successfully and efficiently integrate future expansion plans and opportunities; SMX's ability to grow its business in a cost-effective manner; SMX's product development timeline and estimated research and development costs; the implementation, market acceptance and success of SMX's business model; developments and projections relating to SMX's competitors and industry; and SMX's approach and goals with respect to technology. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; any lingering effects of the COVID-19 pandemic on SMX's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industries in which SMX operates; the risk that SMX and its current and future collaborators are unable to successfully develop and commercialize SMX's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that SMX is unable to secure or protect its intellectual property; the possibility that SMX may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in SMX's filings from time to time with the Securities and Exchange Commission.

SOURCE: SMX (Security Matters)



View the original on ACCESS Newswire

FAQ

What is the total value of SMX's convertible note offering announced on August 5, 2025?

SMX announced a convertible note offering for up to $11.0 million, with an initial closing of $3.0 million.

How will SMX use the proceeds from the convertible note offering?

SMX plans to use the net proceeds for working capital, general corporate purposes, and paying down certain outstanding indebtedness and other liabilities.

What are the conditions for the third and fourth closings of SMX's note offering?

The third and fourth closings totaling $5.0 million are subject to the conversion of all principal from the first and second closing notes and other closing conditions.

Who are the key financial advisors in SMX's convertible note offering?

RBW Capital Partners LLC acted as placement agent, while Aegis Capital Corp. served as exclusive advisor for the private placement.

Are the SMX convertible notes registered under the Securities Act?

No, the notes and underlying ordinary shares are not registered under the Securities Act of 1933 and cannot be sold in the US without registration or an applicable exemption.
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