The US advisory firm has a wealth of experience in SPACs, both in M&A and growth/funding structures, as the SMX board puts a priority on unlocking value.

ASX tech firm Security Matters (ASX:SMX) has partnered up with leading US advisory firm ClearThink Capital, to carry out a strategic review for the purposes of maximising shareholder value.

SMX operates a proprietary platform that digitises physical objects on the blockchain to create a circular and transparent solution for the closed loop economy.

And the review with ClearThink comes at an important juncture, where the company has a number of growth alternatives available to it stemming from its industry experience and extensive global networks.

Outlining its rationale for the move, the SMX board said it believes the company “is undervalued at the current market valuation, with attractive future prospects”.

In that context, the strategic review “will seek to maximise value for Security Matters shareholders”.


ClearThink Capital

Headquartered in Florida, USA, ClearThink provides strategic consulting services across multiple industries including Blockchain, cannabis, clean/renewable energy and recycling, consumer products, cryptocurrency and software/SaaS services.

Led by a team of experienced professionals across the investment banking, legal and corporate finance sectors, the ClearThink team has advised on more than $100bn worth of transactions.

Along with M&A strategy and credit funding advice, ClearThink is also a specialist in the field of special purpose acquisition company (SPAC) transactions for high-growth business, many of which have gone on to list on the Nasdaq and NYSE.


Next phase of growth

With its position in the market, Security Matters has now laid the groundwork to play a major role in the growth of the circular closed loop economy.

That shift is taking place as major companies globally look to improve the efficiency of their supply chains to ensure they comply with modern ESG standards around ethical sourcing of both products and labour.

To date, SMX has built industry partnerships with leading multinational conglomerates in fields spanning fashion, agriculture and industrial production.

In that context, the company’s strategic review with ClearThink will assess “a number of options to accelerate growth in the company’s technology offerings”.

The strategic evaluation process will include “a review of all feasible funding options, and an assessment of a broader range of strategic options” for the business, SMX said.

The company also advised shareholders that for now, shareholders don’t need to take any immediate action in relation to the review.

Security Matters will continue to keep shareholders informed about the progress and outcomes of the strategic review in accordance with the Company’s continuous disclosure obligations

This article was developed in collaboration with Security Matters, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.