on SMX (Security Matters)
SMX Secures $111.5 Million Equity Deal to Enhance Global Supply Chain Verification
In a move to strengthen global supply chain verification, SMX has entered a $111.5 million equity purchase agreement with Target Capital 1, LLC. This partnership underscores the growing importance of measurable authentication across industries such as gold, minerals, plastics, textiles, and electronics. The agreement includes an $11.5 million promissory note and discretionary access to up to $100 million, ensuring flexibility and stability in SMX's capital structure.
The upfront financing ensures no new shares will be issued until the first quarter of 2026, maintaining SMX's capital stability during its global rollout. This strategic move aligns with the increasing demand for traceable and authenticated products in markets worldwide. SMX plans to direct part of the proceeds towards digital reserve assets, ensuring long-term stability aligned with the Proof Economy's decentralized nature.
SMX's molecular identity system positions it at the forefront of verification technology, transforming trust into a vital currency for global trade. This deal supports SMX's ongoing expansion into new markets while maintaining momentum in existing ones, solidifying its role in the emerging trust-driven economy.
R. P.
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