Security Affairs has announced a business merger with Lionheart III Corp, which is expected to be valued at US$360 million on the Nasdaq listing.

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The value reflects the company’s pre-money valuation on the ASX 200 million dollars And it is expected to generate revenue of approx 116 million dollarsAssuming no redemptions by Lionheart’s public shareholders (recent SPAC transactions have been characterized by high redemption rates). The combined entity is expected to begin trading on Nasdaq in Q4 2022

“The world needs more transparency, efficiency and strength. There is a critical call in the international market to make things better. This is a challenge loaded with very exciting opportunities. Security issues are ready to be accepted by creating products that can help. Maintaining supply chain integrity, quality assurance and brand accountability for goods. providing manufacturers. With this merger, we have entered a new phase in increasing our energy capacity and enabling the circular economy,” SMX said.

Additional information about the merger and the proposed transaction will be provided in Lionheart’s current report on Form 8-K filed with the Securities and Exchange Commission and at www.sec.gov Also online at Iheartcapital.com. SMX will expect the F4 file within weeks.

Enable energy and circular economy

SMX is the enabler of a real-world circular economy that works by remembering the origin and history of materials, enabling materials to be reused, recycled and often verified.

SMX is a company for the 21st century, enabling the transition to a circular economy, positive, productive and participants in the value chain – and the planet.

With the company’s white-label B2B offerings, the future of the sustainable world can create profitable lifelong relationships with its customers through narratives that link concrete, sustainable, ESG practices to a brand’s clear tracking strategy. rather than linear or transactional.

The system in

SMX creates a sustainable system within the existing value chain system, to enable businesses to build a real-world circular economy.

The ability to gather knowledge through the development of four key benefits, including improved information flow and circularity; Multi-level and multi-loop tracking; and multiple application possibilities, the SMX system helps businesses transform the way they operate from the inside out into sustainable ecosystems.

Source Security Matters Limited

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