SMX announces $5.5M PIPE offering

SMX (SMX)entered into definitive agreements with institutional investors for the purchase and sale of 12 month, convertible promissory notes for an aggregate purchase price of up to $5.5 million, in a private placement transaction. The initial closing of the transaction is expected on May 8, 2025. The Company expects to use the net proceeds from the offering for working capital and general corporate purposes, and to pay down certain outstanding indebtedness and other liabilities of the Company. RBW Capital Partners acted as the placement agent in connection with the offering. Ruskin Moscou Faltischek PC acted as counsel to the Company. Sichenzia Ross Ference Carmel LLP acted as counsel to the placement agent.