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.