Research analysts covering SMX (Security Matters) Public Ltd.
Recent press releases and 8-K filings for SMX.
SMX Increases Standby Equity Purchase Agreement Commitment
SMX
- SMX (Security Matters) Public Limited Company and Target Capital 1 LLC entered into a Second Amendment to their Standby Equity Purchase Agreement on February 5, 2026.
- This amendment increased the Commitment Amount under the agreement from $100,000,000 to $250,000,000.
- As of February 5, 2026, SMX has drawn down approximately $8.9 million from the Commitment Amount, resulting in the issuance of 685,471 ordinary shares to Target.
- The placement agent, RBW Capital Partners LLC, will receive a tiered cash fee: 4% for the first $20,000,000, 3% for the next $80,000,000, and 2% for the last $150,000,000 of aggregate gross cash proceeds drawn.
8 hours ago
SMX Eliminates Corporate-Level Convertible Indebtedness
SMX
New Projects/Investments
- On January 8, 2026, SMX announced the full conversion of $20,625,000 face amount of convertible notes, sold in December 2025, into an aggregate of 1,230,698 ordinary shares.
- This conversion eliminates corporate-level convertible indebtedness and materially reduces SMX’s long-term liabilities.
- The company's financial position is strengthened, removing potential equity overhang and restrictions on future capital raising, while also improving financial flexibility.
- SMX believes this milestone enhances clarity for investors, reduces structural risk, and supports its ability to advance project development and circular-materials strategy.
Jan 8, 2026, 5:42 PM
SMX Expands Industrial Rubber Traceability into Global Latex & Rubber Gloves Market
SMX
New Projects/Investments
Product Launch
- SMX (Security Matters) PLC announced on December 31, 2025, the expansion of its industrial rubber traceability platform into the global latex and rubber gloves market, marking the sixth application in its circular-rubber program.
- The global rubber gloves market is substantial, valued at approximately $13.8 billion in 2024 and projected to exceed $21.6 billion by 2030, with over 330 billion units consumed annually.
- SMX's technology aims to address low recycling rates by embedding invisible molecular identity into glove materials, enabling traceability and verifiable digital records throughout the product lifecycle.
- The company plans to initiate pilot programs in Q1 with manufacturers, users, and recyclers to establish traceable glove-material solutions and recovery pathways.
Dec 31, 2025, 9:05 PM
SMX Announces Expansion into Denim and Recycled-Denim Segment
SMX
Product Launch
New Projects/Investments
- SMX (Security Matters) PLC announced its intention to enter the denim and recycled-denim segment in Q1 2026, extending its cotton-based material identity capabilities.
- This expansion targets the global denim jeans market, estimated at USD 86.66 billion in 2024 and projected to grow to USD 121.50 billion by 2030.
- SMX's material-embedded identity platform aims to support authentication, verified recycled-content integrity, and traceability for denim, addressing the fashion industry's estimated $70 billion to $140 billion worth of excess stock in 2023.
Dec 31, 2025, 12:38 PM
SMX (Security Matters) Public Ltd Co. Reports Significant Losses and Going Concern Doubt for FY 2024
SMX
Delisting/Listing Issues
Earnings
Debt Issuance
- SMX (Security Matters) Public Ltd Co. reported accumulated losses of $82 million as of December 31, 2024, and has suffered recurring losses and negative cash flows from operations since inception, raising substantial doubts about its ability to continue as a going concern.
- The company recorded a net loss of $(31,092) thousand for the year ended December 31, 2024, following a net loss of $(20,914) thousand in 2023.
- Cash and cash equivalents increased to $2,343 thousand by December 31, 2024, from $168 thousand at December 31, 2023, driven by $13,110 thousand in net cash flow from financing activities in 2024. However, cash and cash equivalents subsequently decreased to $750 thousand by June 30, 2025.
- The company's operations are substantially funded by the issuance of shares, warrants, and convertible notes, and it was noncompliant with the Nasdaq Listing Rule regarding the bid price of its ordinary shares as of December 31, 2024.
- A shelf registration statement for up to $45,000 thousand of securities was filed on February 21, 2025, and a reverse stock split occurred on August 7, 2025.
Dec 15, 2025, 9:45 PM
SMX Amends Standby Equity Purchase Agreement for Additional Funding
SMX
Debt Issuance
New Projects/Investments
- SMX (Security Matters) Public Ltd Co. amended its Standby Equity Purchase Agreement on December 9, 2025, to secure an additional $5.0 million in new convertible promissory notes.
- This amendment increases the total expected gross proceeds to the company under the Purchase Agreement (excluding the Equity Line) to $16.5 million.
- The new notes have an aggregate principal amount of $6.25 million, reflecting a 20% Original Issue Discount (OID).
- The company gains flexibility regarding the use of proceeds, as it is no longer required to acquire bitcoin or other cryptocurrency if its ordinary shares close above $10.00 per share.
- A placement agent will receive an 8.0% cash fee on the gross proceeds from the sale of the new notes.
Dec 11, 2025, 9:30 PM
SMX Amends Equity Purchase Agreement, Increasing Total Proceeds to $116.5M
SMX
Debt Issuance
New Projects/Investments
- SMX amended its standby equity purchase agreement, increasing the total facility size by an additional $5 million to $116.5 million.
- This increase includes a new convertible promissory note from investors for a principal amount of $5.0 million, with a face value of $6.25 million due to a 20% Original Issue Discount (OID).
- The amendment also removed the obligation for SMX to acquire cryptocurrency with a portion of the proceeds, provided its ordinary shares close above $10/share.
- The closing of the new convertible note is anticipated before the end of 2025.
Dec 10, 2025, 12:44 AM
SMX Enters Standby Equity Purchase Agreement and Issues Promissory Notes
SMX
Debt Issuance
New Projects/Investments
Convertible Preferred Issuance
- On December 1, 2025, SMX (Security Matters) Public Limited Company entered into a Standby Equity Purchase Agreement (SEPA) with institutional investors for an equity line of credit up to $100 million and issued promissory notes for aggregate gross proceeds of up to $11.5 million.
- The promissory notes have an aggregate principal amount of up to $14,375,000 and were issued with an original issue discount of 20%. The maturity date for each note is the 6-month anniversary of its issuance.
- The First Closing for the notes occurred on December 3, 2025, with a payment of $5,750,000, and a Second Closing for an additional $5,750,000 is planned.
- The company intends to use the net proceeds from the notes and the equity line for working capital, general corporate purposes, paying down indebtedness, and to acquire bitcoin or another cryptocurrency, with 50% of net proceeds allocated to crypto assets.
- RBW Capital Partners LLC acted as the placement agent, receiving approximately $360,000 in cash fees at the First Closing, with an additional $560,000 expected at the Second Closing.
Dec 5, 2025, 10:15 PM
SMX Announces $111.5M Equity Purchase Agreement with Target Capital 1, LLC
SMX
Debt Issuance
New Projects/Investments
- SMX (Security Matters) PLC has entered into an equity purchase agreement with Target Capital 1, LLC, to secure a flexible funding source.
- The agreement includes the purchase of a $11.5 million convertible promissory note and an equity line of credit for up to $100 million worth of the Company's ordinary shares.
- SMX will issue $2 million in Commitment Shares for the equity line commitment and plans to use a portion of the net proceeds to acquire bitcoin or another cryptocurrency as a reserve asset.
- The closing of these transactions is expected on or about December 2, 2025.
Dec 1, 2025, 4:19 PM
SMX announces Incentive Plan amendment, Annual Meeting adjournment, and presentation at DMCC Precious Metals Conference
SMX
Executive Compensation
New Projects/Investments
- SMX amended its 2022 Incentive Equity Plan, increasing the number of authorized Ordinary Shares from approximately 1,139,275 to 10,785,000. The company subsequently granted 6,935,000 restricted stock units and 3,850,000 stock options to executive officers, directors, consultants, employees, and advisors.
- The Annual General Meeting of Shareholders, initially convened on November 24, 2025, was adjourned for one week due to a lack of quorum and will be reconvened on Monday, December 1, 2025.
- On November 25, 2025, SMX announced it will showcase its Physical-to-Digital Link technology at the DMCC Precious Metals Conference, aiming to enhance transparency and authenticity in the precious metals supply chain through unique molecular markers and blockchain technology.
Nov 25, 2025, 10:28 PM
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