NEW
YORK, Feb. 16,
2024 /PRNewswire/ -- SMX (Security Matters) PLC
(NASDAQ:SMX; SMXWW), today announced the pricing of a public
offering of approximately 12,125,000 ordinary shares, par value
$0.0022 per share, at a public
offering price of $0.24 per share,
for aggregate gross proceeds of approximately $2,910,000, prior to deducting underwriting
discounts and other offering expenses.
EF Hutton LLC ("EF Hutton") is acting as the sole book running
manager for the offering. Ruskin Moscou Faltischek, P.C. is acting
as legal counsel to the Company, Lucosky Brookman LLP is acting as
legal counsel to EF Hutton.
The offering is being conducted pursuant to the Company's
registration statement on Form F-1, previously filed January 30, 2024 with the Securities and Exchange
Commission ("SEC"), as amended on February
8, 2024 and February 14, 2024
(File No. 333-276760), that was declared effective by the SEC on
February 15, 2024. A final prospectus
relating to the offering will be filed with the SEC and will be
available on the SEC's website at www.sec.gov. Electronic copies of
the final prospectus relating to this offering, when available, may
be obtained from EF Hutton LLC, 590 Madison Avenue, 39th Floor,
New York, NY 10022, Attention:
Syndicate Department, or via email at syndicate@efhuttongroup.com
or telephone at (212) 404-7002.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
About SMX (Security Matters) PLC
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
intended use of proceeds from the offering; successful launch and
implementation of SMX's joint projects with manufacturers and other
supply chain participants of steel, rubber 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; 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 industry 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.
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SOURCE SMX