Security Matters Limited (ASX:SMX) is pleased to announce that they have secured additional Bridging Loans, totalling $3.7m USD.
The terms of the loan include a 10% annual interest rate with repayment in 12 months, 24 months, or upon a "change of control" event.
The lender will also receive a first priority security interest in the shares owned by SMX and 200,000 redeemable warrants in Empatan and 50,000 bonus warrants.