SMX (Security Matters) PLC Announce Closing of $2.9 Million Public Offering
NEW YORK, Feb. 21, 2024 /PRNewswire/ — SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW), on February 20, 2024, closed its previously announced underwritten public offering of 12,124,666 ordinary shares (the “Shares”), par value $0.0022 per share, at a public offering price of $0.24 per share, or pre-funded warrants in the event the purchase of the Shares would cause the beneficial ownership of a purchaser in the offering to exceed 4.99% of the ordinary shares (the “Pre-Funded Warrants”), which are initially convertible on a 1-for-1 basis into ordinary shares, at a public offering price per Pre-Funded Warrant of $0.2378, for aggregate gross proceeds of approximately $2.9 million, prior to deducting underwriting discounts and other offering expenses.