SMX (Security Matters) shares are trading lower after the company announced a $5.35 million private placement.
Portfolio Pulse from Benzinga Newsdesk
SMX (Security Matters) shares have declined following the announcement of a $5.35 million private placement.
September 11, 2024 | 8:20 pm
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SMX (Security Matters) shares are trading lower due to the announcement of a $5.35 million private placement, which may dilute existing shareholders' value.
The announcement of a private placement often leads to a decrease in share price due to potential dilution of existing shares. This is likely why SMX shares are trading lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100