Security Matters announces business combination with Lionheart III Corp, expecting US$360 million valuation on Nasdaq listing

The value reflects an implied pre-money valuation of the company on the ASX of $200 million and is expected to generate revenue of up to approximately US$116 million, assuming there are no public shareholder buyouts of Lionheart (noting that recent SPAC transactions have been characterized by high buyout rates). The combined entity is expected to begin trading on the Nasdaq in the fourth quarter of 2022

“The world is demanding more transparency, efficiency and resilience. There is a critical call to action from the global marketplace to do things better. It is a challenge loaded with exciting possibilities that Security Matters is ready to accept by creating products that can help maintain supply chain integrity, provide quality assurance and brand responsibility to producers of goods.With this merger, we have entered a new chapter to strengthen our capability to fuel and enable the circular economy,” said SMX.

Additional information about the merger and the proposed transaction will be provided in a current report on Form 8-K which will be filed by Lionheart with the Securities and Exchange Commission and available at www.sec.gov as well as online at Iheartcapital.com. SMX expects the filing of the F4 within a few weeks.

Fueling and activating the circular economy

SMX is an enabler for a real-world circular economy that works by giving materials a memory of their origin and history, which facilitates the ability of materials to be recycled, reused, and authenticated multiple times.

SMX is a 21st century business, enabling a transition to a positive, productive and profitable circular economy for value chain actors – and the planet.

Through the company‘s white label B2B offerings, the future of a sustainable world can be created through stories that connect tangible and sustainable ESG practices to the brand’s transparent traceability strategy, designed to create a relationship with profitable life with its customers that is circular. rather than linear or transactional.

The system inside

SMX creates a sustainable system within the current value chain system, designed to enable businesses to build a circular economy in the real world.

Advance four key benefits, including improved data flow and circularity, with exciting knowledge-gathering potential; multi-step and multi-loop traceability; and multiple application possibilities, the SMX system can help change the way businesses operate from the inside out to transform into sustainable ecosystems.

SOURCE Security Matters Ltd.

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