SCHEDULE 13G/A: S.H.N. Financial Investments Amends Stake in SMX (Security Matters) Public Ltd Co, Reducing Beneficial Ownership to 4.37%

S.H.N. Financial Investments Ltd. has filed an amended Schedule 13G, reporting a reduced beneficial ownership of 4.37% in SMX (Security Matters) Public Ltd Co, primarily through warrants.

Summary

• S.H.N. Financial Investments Ltd. filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in SMX (Security Matters) Public Ltd Co.
• The filing reports beneficial ownership of 70,748 Ordinary Shares, representing 4.37% of the class.
• This amount consists of 56,140 Ordinary Shares issuable under Series A Common Warrants and 14,608 Ordinary Shares issuable under Series B Common Warrants.
• The percentage is calculated based on 1,547,703 Ordinary Shares outstanding as of February 13, 2025.
• 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.
• Nir Shamir, Chief Executive Officer of S.H.N. Financial Investments Ltd., is deemed to beneficially own these securities but disclaims beneficial ownership for all other purposes.
• The reporting person certifies that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 4

Explanation: The document reports a significant reduction in beneficial ownership by a key investor, which could be perceived negatively by the market, although the filing itself is purely factual and routine for ownership changes.

Negatives

• The beneficial ownership percentage has significantly decreased from the previously reported amount of 230,859 shares in the initial Schedule 13G filing to 70,748 shares in this amendment.

Future Outlook

This document does not provide any forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Management Comments

• "Nir Shamir is the Chief Executive Officer of SHN. As such, SHN and Mr. Shamir may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the securities described herein. To the extent Mr. Shamir is deemed to beneficially own such securities, Mr. Shamir disclaims beneficial ownership of these securities for all other purposes."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by a financial institution in a publicly traded company. It reflects a specific investor's position and does not provide broader industry trends or competitive analysis. The reduction in stake could be due to various reasons such as portfolio rebalancing or warrant exercise/expiry, which are not detailed in this document.

Stakeholder Impact

• Shareholders: The reduction in a significant investor's stake might be interpreted as a decrease in confidence, potentially influencing market perception and share price.

Key Dates

Keywords

SMX (Security Matters) Public Ltd Co, S.H.N. Financial Investments Ltd., Schedule 13G, Beneficial Ownership, Ordinary Shares, Warrants, SEC Filing, Shareholding, Investment, Corporate Governance