SMX and Ybyra Capital Sign Agreement Paving Way for Merger

SMX (Security Matters) PLC, a leader in digitizing physical objects, and Ybyra Capital have announced a Heads of Agreement, marking a step towards merging. This strategic move aims to merge SMX's digital platform with Ybyra's asset and operational strengths, fostering synergies to enhance global trade transparency.

The merger, following Ybyra shareholders' approval, offers a framework for SMX to enter high-growth markets. Key points include asset contributions by Ybyra to an SMX-controlled entity and a share swap structure for Ybyra shareholders. Aiming for completion in early 2025, the merger promises strategic synergies, particularly in SMX's traceability technology and Ybyra's logistics, potentially transforming South America-Asia trade.

The combined entity plans to raise standards in sustainable commodity certification, targeting demands in South America and the U.S. This collaboration targets efficiency, transparency, and sustainability across supply chains, potentially monetizing significant global trade opportunities, subject to further due diligence and approvals.