SMX (Security Matters) Public Limited Company (NASDAQ: SMX) (formerly Empatan Public Limited Company) has closed on its previously announced business combination with Lionheart III Corp Unit (NASDAQ: LION, LIONW). In addition, SMX ordinary shares and warrants began NASDAQ trading following the completion of the transaction. Originally developed by the Israeli Security Establishment and Nuclear Atomic Agency, SMX technology has been proven, and SMX anticipates it will be reliable, operational and scaled up at a national level. “The closing of the business combination with Lionheart represents a wonderful step forward in the development and global recognition of SMX,” said SMX CEO Haggai Alon in the press release. “We expect that the business combination of SMX with the Miami-based Lionheart, which was first announced in July 2022, will buoy SMX’s position as a leader in enabling supply chain authentication, traceability, and transparency, transforming businesses for participation in the circular economy. . . . The listing on NASDAQ, which is the world’s premier exchange for technology companies and investors, is a tremendous achievement for SMX and, together with our partnership with the Lionheart team, provides SMX with immense opportunities to further access highly valued strategic partners, as well as institutional and other investors. We look forward to working together to expand our business, continue our execution of existing relationships and opportunities, access additional verticals and build our public market.”
To view the full release, visit https://ibn.fm/Z7hUY
About SMX (Security Matters) Public Limited Company
SMX is a forward-looking, B2B white-label technology company that empowers companies across a variety of different industries, including timber, rubber, palm oil, cocoa, steel, gold, luxury goods, leather, plastics and nonferrous metals, to transition successfully to a sustainable circular economy, thus reducing their carbon footprint and waste. SMX offers a robust, innovative and scalable technology solution that enables supply chain authentication, traceability, and transparency, transforming businesses for participation in the circular economy. Its technology gives materials in all states of matter, solid, liquid and gas, the ability to maintain a virtual memory of their origination, processing and supply chain journey, including the ability to authenticate provenance as well as to track recycling loop counts and the percentage of authenticated and/or recycled materials contained. The data is recorded digitally on blockchain, and a linking molecular chemical marker is embedded in the product itself and can be read with a proprietary reader. The SMX technology has been in active operational use on a national scale by the Israeli government for more than 10 years, is environmentally sustainable and has a proven track record. The SMX solution is an efficient, cost-effective, drop-in solution within an existing supply chain, enabling substantial benefits for manufacturers, consumers and others in the value chain — and the planet, including providing the necessary data for product recycling and reuse. In addition, the SMX technology addresses the issue of the increase in waste globally by enabling the increase in demand for verified, usable recycled materials by creating a commoditized, tradable certified asset that is the recycled material, which can be traded and sold to other players in the value chain and ecosystem. For more information about the company, visit https://SMX.tech.
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