Security Matters Appoints ClearThink Capital for strategic tech review
- Security Matters (SMX) signs on ClearThink Capital to complete a strategic review of the SMX business in a bid to find expansions and growth opportunities for its tech
- ClearThink, through its strategic review, will work to identify and assess opportunities to accelerate growth in SecurityMatters’ technological applications and offerings
- Specifically, SMX says it will work with ClearThink to review all feasible funding options for the SMX tech and assess potential markets that support new technologies
- SMX says the timeline for the outcome of ClearThink’s strategic review is still uncertain, and there’s no guarantee the review will result in any transactions or revenue increases
- Shares in SecurityMatters are down 8.33 per cent to 22 cents each at 3:20 pm AEDT
