SMX (SMX) inks $111.5M funding pact, including $100M equity line and crypto reserve plan
Summary
SMX announced a $111.5 million financing package with Target Capital 1, LLC. The deal includes an $11.5 million convertible promissory note, a $100 million equity line, and $2 million in commitment shares. SMX also said it may use part of the proceeds to buy bitcoin or another cryptocurrency as a reserve asset. The company expects closing on or about December 2, 2025 and plans to file related documents with the SEC. This announcement highlights new capital access but also signals potential dilution from future share issuance.
Funding
Amount
$111.5M
Total raised
Date
December 1, 2025
Announcement date
Investors
-
Lead investors
Company
smx.tech
Funded company
Classifications
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applications
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