SMX (Security Matters) Public Limited Company Announces Pricing Of $3.2M Public Offering Of 13,333,333 Shares And Warrants At A Price Of $0.24/Share
Portfolio Pulse from Benzinga Newsdesk
SMX (Security Matters) PLC announces a $3.2 million public offering of 13,333,333 shares and warrants at $0.24 per share. EF Hutton, a division of Benchmark Investments, is acting as the sole underwriter and bookrunner for the offering.
June 23, 2023 | 1:02 pm
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SMX announces a $3.2 million public offering, which may dilute existing shareholders' ownership and potentially impact the stock price.
The public offering will increase the number of outstanding shares, diluting existing shareholders' ownership. This may lead to a short-term negative impact on the stock price as investors adjust to the new share structure.
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