December 1, 2025 — NEW YORK CITY, NEW YORK / ACCESS Newswire / — Leads & Copy — SMX (NASDAQ:SMX) has entered into a $111.5 million equity purchase agreement with Target Capital 1, LLC, a move designed to accelerate the company’s impact on building a Proof Economy on a global scale. The agreement provides SMX with capital access, strategic flexibility, and operational runway.
The agreement provides potential funding of up to $111.5 million through a structure that begins with an $11.5 million convertible promissory note, followed by an equity line that SMX can draw from at its discretion. The company said there are no minimum requirements, penalties for non-use, or restrictions on operations execution.
SMX said that in 2025, Singapore launched national plastic circularity programs based on molecular-level identity, while Spain and France advanced high-grade recycling and textile authentication. Additionally, the Middle East advanced gold verification, and the United States engaged with critical minerals, regulated supply chains, and industrial recycling.
The equity purchase agreement is intended to give SMX the financial strength to support multiple partners across multiple regions, enabling measurable recovery, authenticated materials, and transparent circularity. It aims to replace the limitations of traditional financing with optionality, allowing SMX to scale technology deployments in sync with global demand.
SMX intends to allocate a portion of the net proceeds from the agreement toward digital reserve assets, strengthening its long-term balance sheet resilience and aligning financial durability with its operational mission.
The company said 2025 saw the construction of a global platform where partnerships amplified the next, confirming that the Proof Economy is not theoretical, but is emerging country by country, sector by sector, and system by system.
The equity purchase agreement is expected to support the expansion of national programs, the transition of pilots into commercial systems, and the operational scale required for verification to become embedded across global supply chains.
As global businesses face challenges relating to carbon neutrality and new regulations, SMX aims to offer its marking, tracking, measuring, and digital platform technology to facilitate the transition to a low-carbon economy.
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Source: SMX (Security Matters)
