SMX Public Limited Company (SMX) has released an update.
SMX Public Limited Company has issued a purchase warrant for 208,524 ordinary shares with an exercise price of $6.23 per share, which can be exercised any time before the five-and-a-half-year anniversary of the issuance date. The warrant, part of an agreement with Generating Alpha Ltd., allows for both traditional and cashless exercises, with specific mechanics outlined for the delivery of shares upon exercise. The company has made provisions for automatic cashless exercise if no effective registration statement or current prospectus is available on the termination date.
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