SMX Announces $111.5 Million Equity Purchase Agreement

SMX (Security Matters) has signed a significant $111.5 million equity purchase agreement with Target Capital 1, LLC. This deal comprises an $11.5 million promissory note and gives SMX flexible access to an additional $100 million. The agreement enables SMX to maintain complete control over the use of funds, with no obligatory drawdowns or operational constraints.

This development is strategic for SMX, as it supports its molecular identity platform, which addresses global supply chain inefficiencies. By providing materials a distinct signature, this platform facilitates compliance with diverse verification standards across industries and regions. The funding will accelerate the development of a unified verification system for industries like gold, plastics, and textiles, promoting sustainable practices globally.

Furthermore, SMX plans to allocate part of the proceeds to enhance digital reserve assets, reinforcing its modern treasury strategy aligned with data-driven verification models.