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- Brand protection and authenticity company Security Matters (SMX) is looking to list on the Nasdaq in the US as it gears up for growth
- SMX has engaged ClearThink Capital to assess new strategic options for the company, including the possible Nasdaq listing
- ClearThink Capital has flagged several Special Purpose Acquisition Companies (SPAC) to help facilitate the move
- SMX says it expects the listing to provide a bigger investor audience for further growth
- Security Matters shares are trading at 17.5 cents at 3:37 pm AEST
Security Matters (SMX) is looking to list on the Nasdaq in the US as it seeks options for future growth.
The company’s technology is designed to protect brand authenticity through product marking, allowing for ultimate transparency and traceability.
It digitises physical objects on the blockchain to enable a circular and closed loop economy.
Now, Security Matters is looking to bring this tech to US investors.
SMX has appointed ClearThink Capital to assess new strategic options for the company, including the option of the Nasdaq listing.
ClearThink Capital flagged several Special Purpose Acquisition Companies (SPAC) that could facilitate the potential listing.
These are entities which have no commercial operations but are publicly listed with the purpose of finding and purchasing an operating company.
SPACs are becoming an increasingly popular way for companies to list on public markets due to the shorter time frame required for listing when going through a SPAC.
The typical initial public offering (IPO) process for the Nasdaq can take more than a year, whereas the SPAC process can be completed in just a few months.
Last year, SPACs raised a total of US$162.5 billion (A$228 billion) around the world, doubling the $83.4 billion raised in 2020.
Security Matters said it expected to gain access to a bigger investor audience through the listing.
SMX’s North American Expansion
The Nasdaq play comes after Security Matters increased its focus on North America with a goal to market its technology into the region this year.
To support this goal, SMX recently teamed up with NextCycle Michigan, to provide an end-to-end solution from raw materials to product for recycling and reuse.
It also collaborated with BASF’s reciChain initiative in Canada, which has deployed SMX’s technology throughout its entire product value chain to increase traceability and transparency.
A Recycling Technology Leader
SMX recently showcased the success of its technology, proving it could trace recycled materials on an industrial scale.
The company said this would be advantageous ahead of the United Kingdom introducing a new Plastic Packaging Tax (PPT), with SMX seeking to help businesses comply with the new legislation.
