SMX (Security Matters) today announced the closing of its business combination with Lionheart III. SMX shares and warrants began trading today on the Nasdaq under the ticker symbols SMX and SMXWW.
Lionheart III shareholders voted in favor of the combination Jan. 30. Announced in July at a valuation of $360 million, the deal was expected to generate proceeds of up to approximately $116 million, which assumed zero redemptions.
SMX’s technology for barcode scanning and monitoring goods across the blockchain originated in Israel and was originally developed by the Israeli Security Establishment and Nuclear Atomic Agency. Its predecessor traded several years on the Australian Securities Exchange. Read more.
