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Announced

Security Matters to go public via a SPAC merger with Lionheart III in a $360m deal.

Financials

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Transaction Value£299m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

Cross Border

technology company

Majority

Acquisition

Single Bidder

Reverse Takeover

Australia

Merger

Private Equity

Pending

De-SPAC

Public

Friendly

Synopsis

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Security Matters, an Australian technology company, agreed to go public via a SPAC merger with Lionheart III in a $360m deal. “Lionheart is honored to welcome SMX to our portfolio of diverse and exciting business endeavors. We recognize the vast business potential, contribution and value that SMX can bring to businesses across various industries and to the global community. Created from the Israeli security establishment, we believe SMX will be an industry leader and its technology will enable brands to enter or expand their operations into a circular economy, furthering global sustainability goals and enabling their customers' companies and brands to be leaders in their fields. We are excited to be part of SMX’s commercial blueprint and development," Ophir Sternberg, Lionheart CEO and Founder.

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