SMX Public Limited Company (SMX) has released an update.
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SMX Public Limited Company has engaged Aegis Capital Corp. as the exclusive placement agent for an upcoming Private Investment in Public Equity (PIPE) offering, aimed at raising approximately $7.0 million through the sale of Ordinary Shares and warrants. The agreement stipulates Aegis’s ‘best efforts’ basis of involvement without any commitment to purchase securities, and details conditions such as a lock-up period for major shareholders post-placement. The completion of the offering is contingent upon Aegis’s due diligence and various regulatory approvals, including Nasdaq listing and a Registration Statement with the SEC.
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