SMX (Security Matters) Entered Into Definitive Agreement With Institutional Investors For Purchase And Sale Of ~$5.35M Of Ordinary Shares And Pre-Funded And Investor Warrants At $1.00 Per Common Unit
Portfolio Pulse from Benzinga Newsdesk
SMX (Security Matters) has entered into a definitive agreement with institutional investors for the purchase and sale of approximately $5.35 million of ordinary shares and pre-funded and investor warrants at $1.00 per common unit.
September 11, 2024 | 8:19 pm
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SMX has secured a $5.35 million investment through a definitive agreement with institutional investors, involving the sale of ordinary shares and warrants at $1.00 per unit.
The agreement to raise $5.35 million through the sale of shares and warrants is likely to provide SMX with additional capital, which can be used for growth and operational needs. The set price of $1.00 per unit suggests a stable valuation, potentially boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100