SMX to become Majority Stakeholder in True Gold Consortium

DENVER, Colo., Oct 10, 2023 ( SMX (Security Matters) PLC (NASDAQ: SMXW) has signed an agreement, last week, with privately held True Gold Consortium, to acquire an additional 7.5% equity stake, which brings SMX’s common share holdings in TrueGold to 51.9% and diversifies SMX’s operations into TrueGold’s R&D and revenue commercialization. SMX’s software technology is powered by a Distributed Ledger blockchain, representing a transformative stride towards ensuring traceability and security across the gold value chain. The transaction’s unaudited valuation is based on an October 2021 assessment, which appraised TrueGold’s worth between US$78.5 million and US$90 million, using the mean value of US$84.3 million.

SMX is trading at $3.20, up $1.50 (+88.24%), up 4.44M premarket shares traded.

Its 52-week range is $1.20 to $104.72. It hit its 52-week low last week and making a huge move, so be aware that a lot of companies use these moves to set up potential funding announcements and that wouldn’t be shocking here.

 24/7 MARKET NEWS, INC Disclaimer

24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

Please go to or for further information.


Signup today for free and be the first to get notified of breaking news.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


Sign up for Breaking Alerts, our newsletter putting timely and updated stock and crypto markets news into your hands.

Add New Playlist