on SMX (Security Matters)
SMX Secures $11M in Convertible Note Financing
SMX (Security Matters) PLC has announced an $11 million convertible note financing agreement with institutional investors, reaching a potential total of $20 million in 2025. The funds will be used to expand SMX's digital platform, focusing on enhancing supply chain transparency across sectors such as luxury fashion, semiconductors, and agricultural commodities.
The financing, broken into four tranches, is specifically designed to align with SMX's strategic objectives. A key element of the structure is that no equity is issued upfront, minimizing immediate ownership dilution. This capital will also support SMX's initiatives in digital treasury infrastructure, creating tradeable ESG financial assets.
The raised funds will strengthen the company's balance sheet, reduce liabilities, and enhance operational agility. SMX emphasizes that the financing was obtained without warrants, reflecting strong investor confidence in its long-term vision and execution capabilities.
R. H.
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