SMX Amends Equity Purchase Agreement, Adds $5M to Convertible Note

SMX (Security Matters) PLC announced an amendment to its equity purchase agreement, increasing the convertible note component by an additional $5 million, bringing total potential proceeds to $116.5 million. The amendment also removes obligations for SMX to acquire cryptocurrencies if its shares close above $10. RBW Capital Partners LLC serves as the exclusive placement agent.

The $5 million convertible promissory note, featuring a 20% original issue discount and a face value of $6.25 million, is expected to close by year-end, pending customary conditions. These securities are offered in a private placement exempt from SEC registration requirements, with future plans for a registration statement for resale of shares issued on conversion.