SMX Secures $111.5 Million Equity Deal to Boost Proof Economy Platform

SMX has announced a significant $111.5 million equity purchase agreement aimed at advancing its Proof Economy platform on a global scale. The agreement, forged with Target Capital 1, LLC, provides SMX with substantial financial flexibility. It includes an $11.5 million convertible promissory note and an equity line from which SMX can draw at its discretion, free of usage restrictions or penalties.

This capital injection is set to enhance SMX's operations, already making an impact in 2025 with initiatives across various countries. Such initiatives include Singapore's national plastic circularity programs and advanced recycling in Spain and France. The agreement also allows SMX to strengthen its balance sheet through digital reserve assets, aligning its financial robustness with its operational objectives.

By facilitating the expansion of national programs and commercial system transitions, the agreement positions SMX to solidify its role in constructing the foundational architecture of the Proof Economy.