SMX Signs Non-Binding Agreement for Potential Merger With Ybyra Capital; Shares Rise Pre-Bell

MT Newswires Live12-06

SMX (Security Matters) (SMX) said Friday it signed a non-binding agreement with Ybyra Capital to explore a potential merger.

The company said the non-binding agreement, which was approved in principle by Ybyra Capital shareholders, sets a framework to position SMX to leverage synergies and expand into markets. The agreement expects to combine SMX's digital traceability technologies with Ybyra's operational infrastructure to enhance transparent global trade.

Under the agreement, Ybyra Capital will contribute certain fertilizer holdings, real estate and other assets in Brazil to an Irish private company owned by SMX, with the valuation determined by an independent appraiser, the company said, adding that Ybyra shareholders will receive shares in SMX in exchange.

Both companies plan to hold special shareholder meetings to approve the merger, after finalizing definitive and binding agreements. Following that, the target completion of the proposed merger will be in H1 2025.

Shares of SMX rose more than 64% in recent premarket trading Friday.

Price: 0.49, Change: +0.19, Percent Change: +64.22

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