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SMX Public Limited Company ( (SMX) ) just unveiled an announcement.
SMX Public Limited Company, an Irish entity, has entered into a loan agreement with Abri Advisors Ltd., a Bermuda-based corporation. The agreement involves a loan of $1,400,000 with a 15% interest rate and is set to mature on June 30, 2025. Key terms include an original issue discount and stipulations regarding subsequent financing. This loan represents a significant financial move for SMX, potentially impacting its liquidity and financial strategy. The agreement includes strict conditions against issuing further senior debt without consent and mandates partial repayment upon equity financing, highlighting the lender’s secured position and the company’s commitment to maintaining financial discipline.
More about SMX Public Limited Company
YTD Price Performance: -99.34%
Average Trading Volume: 27,842,216
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.06M
For a thorough assessment of SMX stock, go to TipRanks’ Stock Analysis page.
