Welcome to our dedicated page for SMX news (Ticker: SMX), a resource for investors and traders seeking the latest updates and insights on SMX stock.
SMX (Security Matters) PLC delivers cutting-edge solutions for supply chain authentication through proprietary molecular marking technology. This page serves as the definitive source for company news, providing investors and industry professionals with timely updates on strategic developments.
Access press releases covering earnings reports, technology partnerships, product launches, and sustainability initiatives. Our curated collection ensures you stay informed about SMX's advancements in enhancing traceability standards across manufacturing, pharmaceuticals, and circular economy systems.
Key updates include regulatory milestones, innovation disclosures, and operational expansions. All content is verified for accuracy and relevance to support informed decision-making. Bookmark this resource for direct access to SMX's evolving role in securing global supply chains through physical-digital verification systems.
SMX (Security Matters) Public Company has announced a $5.35 million private placement with institutional investors. The offering includes the sale of 5,350,000 Common Units at $1.00 per unit, consisting of Ordinary Shares or Pre-Funded Warrants, along with Series A and Series B Common Warrants. The Series A Warrants have an exercise price of $1.00 and expire in 66 months, while the Series B Warrants have an exercise price of $0.00001. The transaction is expected to close around September 12, 2024. Proceeds will be used for general corporate purposes and working capital. Aegis Capital Corp is the lead Placement Agent, with ClearThink Securities as co-Placement Agent.
SMX (NASDAQ: SMX) has announced the effective date for its previously approved reverse stock split. Starting July 15, 2024, SMX's ordinary shares will trade on an adjusted basis under the same ticker symbol. The reverse split ratio is set at 75:1, reducing the total outstanding shares from approximately 39.6 million to 528 thousand. Fractional shares will not be issued; instead, aggregated fractional entitlements will be sold at prevailing market prices. The split aims to increase the per-share trading price to meet NASDAQ's minimum bid price requirement for continued listing. Shareholders holding stock in book-entry form or through brokers need not take any action.
SMX (Nasdaq: SMX) has announced a collaboration with Tradepro Inc. to enhance digital tracking and reporting within the US plastic supply chain. The initiative aims to transition from paper-based to digital and physical marker systems for post-consumer recycled materials, promoting material efficiency and sustainability. The collaboration is expected to establish a new industry standard for transparent, auditable, and accountable reporting. Joint commercial sales are anticipated to begin in Q1 2025.
Additionally, SMX's technology will also be used to improve the traceability of natural rubber, aligning with the EU Deforestation Regulation. This will help ensure ethical sourcing and sustainability, benefiting companies with transparent supply chains.
SMX (Security Matters) PLC has launched a new blockchain-based solution for centralized, data-driven reporting to ensure compliance with the EU Deforestation Regulation (EUDR) in the natural rubber industry. This technology aims to address challenges related to ethical sourcing, child labor, use of conflict minerals, and chemical usage. By transitioning from manual to digital reporting, the system reduces compliance costs, lowers reputational risks, and enhances supply chain productivity.
The comprehensive platform integrates data from multiple sources, enabling real-time monitoring and reporting of supply chain activities. Customizable compliance dashboards provide real-time updates and alerts, supporting EUDR's stringent due diligence requirements.
SMX's solution ensures traceability, transparent reporting, and regulatory compliance, aiding companies in delivering deforestation-free and legally produced natural rubber products.
SMX (Security Matters) PLC announced a strategic partnership with Brink's to revolutionize the gold market landscape. The collaboration aims to enhance transparency, trust, and efficiency in the gold market ecosystem using SMX's technology and Brink's secure logistics expertise. The joint service will elevate reporting and quality assurance standards for gold in Dubai, offering enhanced transparency and liquidity in gold financing. The partnership, involving trueGold Consortium, is set to commence operations in Q3 2024.
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