Welcome to our dedicated page for SMX (Security Matters) Public Company news (Ticker: SMX), a resource for investors and traders seeking the latest updates and insights on SMX (Security Matters) Public Company stock.
SMX (Security Matters) PLC (NASDAQ: SMX; SMXWW) is a leading publicly traded company specializing in the digitization of physical objects to ensure supply chain integrity and provide quality assurance and brand accountability across various industries. Utilizing a pioneering technology that includes a marker, reader, and algorithm, SMX can embed sub-molecular particles into materials. This allows for the tracking and tracing of components throughout the production process, ensuring transparency and reliability from origin to end product.
SMX's technology is at the forefront of helping businesses transition to more sustainable practices, with a particular focus on low-carbon economies. The company offers solutions that span a wide range of sectors, including fashion, automotive, precious metals, and more. By adding unique markers to raw materials, SMX's system can verify the authenticity and traceability of products, significantly reducing issues related to counterfeiting and ensuring compliance with environmental and sustainability goals.
Recent projects highlight SMX's groundbreaking work:
- In January 2024, SMX received a delinquency notification from NASDAQ, which the company is actively addressing to regain compliance within the specified period.
- In February 2024, SMX announced its participation at the Première Vision event in Paris, emphasizing their commitment to sustainable transformation in the fashion industry by providing technology that verifies the origin and recycled content of materials.
- SMX secured a partnership with NAFRA and BSEF to implement a chemical-based 'barcode' system to track and trace plastics, aiding recycling efforts and supporting environmental sustainability.
- The completion of a project marking 21 tons of natural rubber from tree to tire, demonstrating full traceability and authenticity, showcases SMX’s capabilities in the automotive supply chain.
- SMX has also marked 2.2 tons of silver within SMI's operations, ensuring authenticity and traceability for precious metals used in minting and bullion.
SMX's technology not only supports industrial efficiency but also aligns with globally recognized ESG standards, offering a unique, non-destructive method to verify material composition and history. The company's ongoing partnerships and strategic initiatives reflect its dedication to innovation, sustainability, and market leadership.
California has filed a groundbreaking lawsuit against Exxon Mobil, accusing the company of perpetuating global pollution through deceptive claims about plastic recycling. The lawsuit, led by Attorney General Rob Bonta, seeks billions in damages and alleges that Exxon exaggerated recycling effectiveness while promoting single-use plastics. This legal action could set a precedent for holding corporations accountable for environmental impact.
In light of these developments, SMX (Security Matters) (NASDAQ:SMX) emerges as a potential solution to the sustainable packaging challenge. SMX's innovative technology offers a way to track and verify materials throughout their lifecycle, potentially revolutionizing recycling efforts and helping companies meet sustainability targets. The technology could address issues such as the scarcity of high-quality recycled plastics and improve sorting of various plastic types.
As major brands struggle to meet sustainable packaging goals, SMX's approach could bridge the gap between ambition and reality in the industry. The company's stock rise in September suggests growing recognition of the importance of such solutions in addressing global waste and recycling challenges.
SMX (Security Matters) Public Company has closed a $5.35 million private placement of Ordinary Shares and warrants. The offering included 5,350,000 Common Units at $1.00 per unit, each consisting of one Ordinary Share or Pre-Funded Warrant and two Series A Common Warrants at $1.00 exercise price, plus one Series B Common Warrant. Gross proceeds were $5.35 million, with 20% ($1,072,000) held in escrow for potential warrant obligations. The company plans to use the net proceeds for general corporate purposes and working capital. Aegis Capital Corp. acted as lead Placement Agent, with ClearThink Securities as co-Placement Agent. The securities were sold in a private placement to accredited investors and are not registered under the Securities Act.
SMX (Security Matters) Public Company has announced a $5.35 million private placement with institutional investors. The offering includes the sale of 5,350,000 Common Units at $1.00 per unit, consisting of Ordinary Shares or Pre-Funded Warrants, along with Series A and Series B Common Warrants. The Series A Warrants have an exercise price of $1.00 and expire in 66 months, while the Series B Warrants have an exercise price of $0.00001. The transaction is expected to close around September 12, 2024. Proceeds will be used for general corporate purposes and working capital. Aegis Capital Corp is the lead Placement Agent, with ClearThink Securities as co-Placement Agent.
SMX (NASDAQ: SMX) has announced the effective date for its previously approved reverse stock split. Starting July 15, 2024, SMX's ordinary shares will trade on an adjusted basis under the same ticker symbol. The reverse split ratio is set at 75:1, reducing the total outstanding shares from approximately 39.6 million to 528 thousand. Fractional shares will not be issued; instead, aggregated fractional entitlements will be sold at prevailing market prices. The split aims to increase the per-share trading price to meet NASDAQ's minimum bid price requirement for continued listing. Shareholders holding stock in book-entry form or through brokers need not take any action.
SMX (Nasdaq: SMX) has announced a collaboration with Tradepro Inc. to enhance digital tracking and reporting within the US plastic supply chain. The initiative aims to transition from paper-based to digital and physical marker systems for post-consumer recycled materials, promoting material efficiency and sustainability. The collaboration is expected to establish a new industry standard for transparent, auditable, and accountable reporting. Joint commercial sales are anticipated to begin in Q1 2025.
Additionally, SMX's technology will also be used to improve the traceability of natural rubber, aligning with the EU Deforestation Regulation. This will help ensure ethical sourcing and sustainability, benefiting companies with transparent supply chains.
SMX (Security Matters) PLC has launched a new blockchain-based solution for centralized, data-driven reporting to ensure compliance with the EU Deforestation Regulation (EUDR) in the natural rubber industry. This technology aims to address challenges related to ethical sourcing, child labor, use of conflict minerals, and chemical usage. By transitioning from manual to digital reporting, the system reduces compliance costs, lowers reputational risks, and enhances supply chain productivity.
The comprehensive platform integrates data from multiple sources, enabling real-time monitoring and reporting of supply chain activities. Customizable compliance dashboards provide real-time updates and alerts, supporting EUDR's stringent due diligence requirements.
SMX's solution ensures traceability, transparent reporting, and regulatory compliance, aiding companies in delivering deforestation-free and legally produced natural rubber products.
SMX (Security Matters) PLC announced a strategic partnership with Brink's to revolutionize the gold market landscape. The collaboration aims to enhance transparency, trust, and efficiency in the gold market ecosystem using SMX's technology and Brink's secure logistics expertise. The joint service will elevate reporting and quality assurance standards for gold in Dubai, offering enhanced transparency and liquidity in gold financing. The partnership, involving trueGold Consortium, is set to commence operations in Q3 2024.
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