SCHEDULE 13G/A: L1 Capital Global Opportunities Master Fund Reduces Stake in SMX (Security Matters) Public Limited Company to 3.61%

L1 Capital Global Opportunities Master Fund, Ltd. has filed an amendment to its Schedule 13G, reporting a reduced beneficial ownership stake of 3.61% in SMX (Security Matters) Public Limited Company as of December 31, 2024.

Summary

• L1 Capital Global Opportunities Master Fund, Ltd. filed an Amendment No. 1 to its Schedule 13G regarding its beneficial ownership in SMX (Security Matters) Public Limited Company.
• As of December 31, 2024, the fund beneficially owns 58,003 Ordinary Shares of SMX.
• This ownership represents 3.61% of the total Ordinary Shares outstanding, based on 1,547,703 shares outstanding as of February 13, 2025.
• The current holding of 58,003 Ordinary Shares is issuable under Series A Common Warrants.
• This amendment updates a previous Schedule 13G filed on November 5, 2024, which covered 230,859 Ordinary Shares and underlying Warrants purchased on September 12, 2024.
• The filing is made under Rule 13d-1(b), indicating the fund is a financial institution and not seeking to influence control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual report of beneficial ownership. While it indicates a decrease in stake, it does not contain positive or negative operational news about the issuer itself, making the sentiment neutral for the issuer's performance.

Positives

• The continued holding by L1 Capital Global Opportunities Master Fund, Ltd. indicates ongoing, albeit reduced, investment interest in SMX (Security Matters) Public Limited Company.

Negatives

• The reported beneficial ownership has decreased significantly from 230,859 shares (as per the previous filing mentioned) to 58,003 shares, suggesting a substantial reduction in the fund's stake in SMX.

Future Outlook

NA

Management Comments

• David Feldman and Joel Arber, Directors of L1 Capital Global Opportunities Master Fund, Ltd., may be deemed to beneficially own the issuer's securities described herein, but disclaim beneficial ownership for all other purposes.

Industry Context

This filing is a routine disclosure of beneficial ownership by an institutional investor, L1 Capital Global Opportunities Master Fund, Ltd., in SMX (Security Matters) Public Limited Company. Such filings provide transparency regarding significant shareholdings but do not typically reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's reduced stake, which could be interpreted negatively by some investors.
• Management: Awareness of changes in significant shareholder positions.

Key Dates

Keywords

SMX (Security Matters) Public Limited Company, L1 Capital Global Opportunities Master Fund, Schedule 13G, Beneficial Ownership, SEC Filing, Ordinary Shares, Warrants, Investment Fund, Shareholding