- Brand protection and anti-counterfeit company Security Matters (SMX) has entered the week in a trading halt as it plans an upcoming capital raise
- Currently, it is unknown how much the company is aiming to raise or where the funds will be spent
- Under the halt, company shares will be paused until Wednesday, April 28, or when more information about the raise is released to the market
- On the market, Security Matters last traded at 37 cents per share
Security Matters (SMX) has entered a trading halt ahead of an upcoming capital raise.
So far, it is unknown how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Wednesday, April 28, or when more information about the raise is released to the market, whichever one comes first.
Security Matters creates tools that help manufacturers and consumers detect imitation goods.
Last week, the company said it’s positioned to play an important role in the future of business processes that meet environmental social and corporate governance (ESG) standards.
ESG is cited as the next major channel for global capital flows as the world transitions to a low-carbon economy.
SMX’s technology can be applied on any solids, liquids or gas at any point in the supply chain, allowing it to track inputs across a range of different materials.
On the market, Security Matters last traded at 37 cents per share on April 23.