Firm News

The Latest News from Lucosky Brookman

Lucosky Brookman is a leader in the representation of small and micro-cap companies. The Firm has led it clients through numerous capital raise transaction and over a dozen uplisting and initial public offering transactions.  Access the latest news about Lucosky Brookman, our clients’ business transactions and industry updates here. 

EF Hutton and Security Matters (SMX) PLC Facilitate Pricing of $3.2 Million Offering

Congratulations to our client, EF Hutton, a division of Benchmark Investments, LLC, in its role as the sole underwriter and bookrunner, for pricing the public offering of securities for Security Matters (SMX) PLC.

This offering was crafted with the aim of procuring gross proceeds of approximately $3.2 million, prior to the deduction of underwriting discounts, commissions, and offering expenses. The offering comprises 13,333,333 ordinary shares of SMX, each with a par value of $0.0001, alongside an equivalent number of Warrant A and Warrant B, each providing the option to subscribe to ordinary shares at an exercise price of $0.24 per share.

In addition, SMX extended to the underwriter a 45-day option to subscribe for up to 1,999,999 additional ordinary shares and/or an equal number of each type of warrants at a price of $0.24 each, to be subscribed for in any combination. 

We worked tirelessly to ensure all legal aspects of this complex transaction were addressed diligently. The collaborative efforts and long hours expended proved fruitful with the Securities and Exchange Commission (SEC) declaring the Form F-1 registration statement relating to these securities effective on June 22, 2023. The final prospectus will be duly filed with the SEC.

It has been a truly rewarding experience for our team to contribute to a transaction that aids SMX's mission of providing technology solutions for businesses transitioning to a low-carbon economy. Our excitement is heightened by the opportunity to work alongside respected firms like EF Hutton and Lucosky Brookman, witnessing the collective goal achievement through diligent effort and legal acumen.