Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Security Matters (ASX: SMX), Lionheart III Corp. (NASDAQ: LION) to Form Business Combination

Australian technology company Security Matters Ltd. (ASX: SMX) today announced its business combination with Lionheart (NASDAQ: LION), a special acquisition purpose company. The combined entity, expected to be valued at US$360 million, will list on the NASDAQ via a newly-formed Irish company to be named SMX Public Limited Company (“SMX Ireland”). Upon the closing of the business combination, SMX shall cease to be quoted on the Australian Stock Exchange (“ASX”), while SMX Ireland’s ordinary shares and warrants are expected to trade on the NASDAQ under the new ticker symbols SMX and SMXW, respectively. “The world is demanding greater transparency, efficiency and resilience. There is a critical call to action by the global market to do things better,” stated SMX in the news release. “This is a challenge loaded with exciting possibilities that Security Matters is ready to accept by creating products that can help uphold supply-chain integrity, provide quality assurance and brand accountability to producers of goods. With this merger, we have entered a new chapter to boost our capacity to power and enable the circular economy.”

To view the full press release, visit https://ibn.fm/GQrWQ

About Lionheart III Corp.

Lionheart is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination with one or more businesses. For more information, visit https://lheartcapital.com/our-companies/lionheart-iii.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.