SMX (Security Matters) Public Limited Company announced that it has entered into a Securities Purchase Agreement with new investor Canterbury Group Ltd. to issue a convertible promissory note in an aggregate principal amount of $750,000 and warrants for gross proceeds of approximately $615,000 on July 8, 2024. The actual amount loaned by the Investor pursuant to the Note is approximately $615,000 after an original issue discount. The maturity date of the Note is September 2, 2024, and is the date upon which the Principal Amount, as well as any accrued and unpaid interest and other fees, shall be due and payable.

Interest is a one-time charge of $24,657.53, which was applied on the issuance date to the principal and shall be payable on the maturity date or upon acceleration or by prepayment or otherwise. The Warrant, for 8,653,846 Ordinary Shares, has an exercise price of $0.10 per share, subject to customary adjustments, and may be exercised at any time until December 31, 2025. The Note and Warrant were issued in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended.