SMART WIRES TECHNOLOGY LTD. ANNOUNCES ADDITIONAL CLOSING OF USD $5 MILLION IN PREFERRED STOCK FINANCING AND RESPONDS TO QUESTIONS REGARDING DELISTING
North Carolina /PRNewswire/ December 22, 2022 – Smart Wires Technology Ltd (the “Company”) today announced an additional closing of approximately USD $5 million under the Preferred Stock Financing first announced on November 16, 2022. This investment was made by funds affiliated with an existing stockholder, 3x5 Partners, LLC, under the terms as previous closings in this Preferred Stock facility and remains subject to the terms and conditions outlined in the Amended and Restated Memorandum and Articles of Association (the “AR M&A”). The Company also wishes to address questions it has