- SMX (Security Matters) PLC announced a **strategic collaboration** with Tradepro Inc. on **October 1, 2025**, to enhance "Material Efficiency" in plastics recycling.  **[1940674_0001493152-25-016470_ex99-1.htm:0]** 
- The partnership aims to **integrate SMX's molecular traceability platform** into recycled plastics to provide transparent, auditable, and regulatory-ready reporting, thereby bridging the demand gap for verifiable recycled content.  **[1940674_0001493152-25-016470_ex99-1.htm:0]** 
- This collaboration is expected to serve as a **cost-saving and efficiency driver** for American companies by enabling localized sourcing and transparent verification of recycled materials, reducing reliance on imported materials and cutting transportation costs.  **[1940674_0001493152-25-016470_ex99-1.htm:0]** 
- SMX's molecular marker has been integrated into Tradepro's rPET resin, demonstrating **FDA compliance** for food-grade packaging and allowing for **non-destructive verification** and **quantitative accuracy** of recycled content.  **[1940674_0001493152-25-016470_ex99-1.htm:0]** 
- Tradepro Inc. anticipates procuring and distributing over **90,000 metric tons of recycled plastic materials** in **2025**.  **[1940674_0001493152-25-016470_ex99-1.htm:1]**

SMX (Security Matters) PLC Announces Strategic Collaboration with Tradepro Inc. for Plastics Recycling

- SMX (Security Matters) Public Limited Company entered into a **First Amendment to Securities Purchase Agreement** on **September 9, 2025**, modifying an agreement with institutional investors from August 1, 2025.  **[1940674_0001641172-25-027229_ex99-1.htm:0]** **[1940674_0001641172-25-027229_form6-k.htm:1]** 
- The **aggregate gross proceeds** from the offering were **increased by $1.0 million**, raising the total to **up to $12.0 million**.  **[1940674_0001641172-25-027229_form6-k.htm:1]** 
- The funding schedule was revised, with the **third closing of $2.0 million** occurring on **September 11, 2025**, and new tranches including a **$1.0 million fourth closing** and a **$3.0 million fifth closing**.  **[1940674_0001641172-25-027229_form6-k.htm:1]** **[1940674_0001641172-25-027229_ex99-1.htm:1]** 
- As of **September 12, 2025**, **$6,655,000** of the Note has been converted into **5,088,984 Ordinary Shares**, covering all principal and accrued interest from the first and second closings.  **[1940674_0001641172-25-027229_form6-k.htm:2]**

SMX Amends Securities Purchase Agreement, Increases Gross Proceeds to $12 Million

- SMX (Security Matters) PLC and the Agency for Science, Technology and Research (A*STAR) announced a strategic collaboration to pilot a national plastic circularity platform in Singapore, combining SMX's chemical molecular marking technology and blockchain platform with A*STAR's R&D capabilities.  **[1940674_0001641172-25-026115_ex99-1.htm:0]** 
- This multi-year collaboration aims to create an intelligent system to permanently mark, track, and analyze plastics through their entire lifecycle, enhancing transparency and efficiency in recycling.  **[1940674_0001641172-25-026115_ex99-1.htm:0]** 
- Phase 1 will launch a nationwide "digital passport" for plastics, dynamically tagging and tracing **more than 5,000 tonnes of post-consumer flexible and rigid waste** in real time, with semi-industrial integration expected to start in **Q1 2026** and a full-scale commercial showcase slated for **Q2 2027**.  **[1940674_0001641172-25-026115_ex99-1.htm:0]** **[1940674_0001641172-25-026115_ex99-1.htm:1]** 
- SMX estimates that if one-third of Singapore's plastic waste stream were captured in an SMX-verified loop, the nation could avoid roughly **S$27 million in annual incineration fees** and create a further **S$75 million in saleable, certified post-consumer resin**, resulting in a compliance dividend worth **more than S$100 million every year**.  **[1940674_0001641172-25-026115_ex99-1.htm:0]** 
- The collaboration also involves the Plastic Cycle Token (PCT), a tradeable digital asset backed one-for-one by the molecular marker and its on-chain audit trail, engineered to supersede traditional carbon credits.  **[1940674_0001641172-25-026115_ex99-1.htm:1]**

SMX and A*STAR Announce Collaboration for National Plastic Circularity Platform

- SMX (Security Matters) Public Ltd Co reported a **net loss** of **$24,621 thousand** for the six months ended **June 30, 2025**, which is a **126% increase** compared to the **$10,886 thousand** loss for the six months ended **June 30, 2024**.  **[1940674_0001641172-25-025997_ex99-1.htm:1]** **[1940674_0001641172-25-025997_form6-k.htm:8]** **[1940674_0001641172-25-025997_form6-k.htm:9]** 
- As of **June 30, 2025**, the company had accumulated losses of approximately **$106 million** and continues to incur operating losses and negative cash flows, leading to **substantial doubt about its ability to continue as a going concern**.  **[1940674_0001641172-25-025997_ex99-1.htm:4]** **[1940674_0001641172-25-025997_form6-k.htm:11]** 
- The company's cash and cash equivalents balance was **$750 thousand** as of **June 30, 2025**. Since then, it has raised approximately **$7,125 thousand** in convertible note funding and signed an agreement on **August 1, 2025**, to raise up to an additional **$13,750 thousand** through promissory notes.  **[1940674_0001641172-25-025997_ex99-1.htm:4]** **[1940674_0001641172-25-025997_form6-k.htm:9]** **[1940674_0001641172-25-025997_form6-k.htm:10]** **[1940674_0001641172-25-025997_form6-k.htm:12]** 
- SMX entered into an event of **nonpayment** on a loan on **June 30, 2025**, resulting in a revalued liability of **$2,115**, and is currently negotiating with the lender for settlement.  **[1940674_0001641172-25-025997_ex99-1.htm:8]**

SMX (Security Matters) Public Ltd (SMX)