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SMX (Security Matters) Public Limited Company announced that its ordinary shares will begin trading on the Nasdaq Global Market under the ticker symbol SMX and warrants under SMXWW on March 8, 2023, after successfully merging with Lionheart III Corp (LION). The merger allows SMX to leverage its technology for supply chain authentication and traceability, enhancing its role in the circular economy. Following the merger closure on March 7, 2023, trading for its subsidiary on the Australian Securities Exchange and Lionheart's securities on Nasdaq will cease. An Opening Bell Ceremony at Nasdaq is scheduled for March 14, 2023.
Lionheart Acquisition Corporation II (Nasdaq: LCAP) has proposed an Extension Amendment to extend the deadline for completing its business combination with MSP Recovery from February 18, 2022, to August 18, 2022. A special meeting for stockholders to vote on this extension will occur on January 27, 2022. If approved, the company's sponsor will provide approximately $0.0333 per share to the trust account for non-converted shares, increasing the per-share amount from $10.00 to $10.20. Failure to approve the extension will force LCAP to liquidate its trust account.
Lionheart III Corp (NASDAQ: LIONU) announced on December 7, 2021, that holders of units from its initial public offering can now separately trade shares of its Class A common stock and redeemable warrants. The separated shares will trade under the symbols 'LION' for common stock and 'LIONW' for warrants on the Nasdaq Global Market. The original units will continue trading under 'LIONU.' Holders need to contact their brokers to separate the units. This press release does not constitute an offer to sell or solicit offers to buy the company's securities.
Lionheart III Corp has successfully closed its upsized initial public offering, raising $125 million by offering 12.5 million units priced at $10.00 each. This includes the full exercise of the underwriters' over-allotment option. Each unit consists of one share of Class A common stock and half a warrant, with each warrant allowing the purchase of one share at $11.50. The units will trade under the symbol LIONU on Nasdaq. The company aims for significant business combinations focusing on growth-oriented firms.
