# EDGAR Filing Document

**Accession Number:** 0001940674
**File Stem:** 0001193125-23-013342
**Filing Date:** 2023-1
**Character Count:** 44775
**Document Hash:** f10e79b948f6ac721acc9a5a957d02e9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-013342.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001193125-23-013342

**CONFORMED SUBMISSION TYPE**: POS EX

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230123

**EFFECTIVENESS DATE**: 20230124

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Empatan Public Ltd Co
- **CENTRAL INDEX KEY:** 0001940674
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** L2
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** POS EX
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-267301
- **FILM NUMBER:** 23545525

**BUSINESS ADDRESS:**
- **STREET 1:** MESPIL BUSINESS CENTRE, MESPIL HOUSE
- **STREET 2:** SUSSEX ROAD
- **CITY:** DUBLIN 4
- **STATE:** L2
- **ZIP:** D04 T4A6
- **BUSINESS PHONE:** 353 1 920 1000

**MAIL ADDRESS:**
- **STREET 1:** MESPIL BUSINESS CENTRE, MESPIL HOUSE
- **STREET 2:** SUSSEX ROAD
- **CITY:** DUBLIN 4
- **STATE:** L2
- **ZIP:** D04 T4A6

**As filed with the Securities and Exchange Commission on January 23, 2023** 

**Registration Statement No. 333-267301** 

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

------

**POST-EFFECTIVE AMENDMENT NO. 1** 

**TO** 

**FORM F-4**

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

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## Empatan Public Limited Company
**(Exact name of Registrant as Specified in its articles of association)\*** 

------

**N/A** 

**(Translation of registrant name into English)** 

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---

| | | |
|:---|:---|:---|
| Ireland | 3590 | N/A |
| **(State or Other Jurisdiction of**<br> **Incorporation or Organization)** | **(Primary Standard Industrial**<br> **Classification Code Number)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**+353-1-920-1000** 

**Mespil Business Centre, Mespil House, Sussex Road, Dublin 4, Ireland** 

**(Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices)** 

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**Puglisi & Associates** 

**850 Library Avenue, Suite 204** 

**Newark, DE 19715** 

**(Name, address, including zip code, and telephone number, including area code, of agent for service)** 

------

***Copies to:***

---

| | | |
|:---|:---|:---|
| **Doron Afik Adv.**<br> **Afik & Co.**<br> **103 Hahashmonaim Street**<br> **Tel Aviv, Israel 6120101**<br> **Tel: +972.3.6093609** | **Connor Manning**<br> **Arthur Cox**<br> **Ten Earlsfort Terrace**<br> **Dublin 2**<br> **D02 T380** | **Joshua M. Samek**<br> **Steven D. Pidgeon**<br> **DLA Piper LLP (US)**<br> **200 South Biscayne Boulevard, Suite 2500**<br> **Miami, FL 33131-5341**<br> **Telephone: (305) 423-8500** |

---

------

**Approximate date of commencement of proposed sale of the securities to the public:** As soon as practicable after this Registration Statement becomes effective and all other conditions to the transactions contemplated by the Business Combination Agreement, described in the included proxy statement/prospectus, have been satisfied or waived.

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ Registration No. 333-267301

If applicable, place an X in the box to designate the appropriate rule provision relied upon in conducting this transaction:

Exchange Act Rule 13e-4(i) (Cross-Border Issuer Tender Offer) ☐

Exchange Act Rule 14d-1(d) (Cross-Border Third Party Tender Offer) ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

Emerging growth company ☒

(\*) Upon the closing of the business combination referred to in the proxy statement/prospectus within this registration statement, the name of the registrant is expected to change to SMX Public Limited Company

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.1 ☐

------

**EXPLANATORY NOTE** 

This Post-Effective Amendment No. 1 is being filed solely for the purpose of filing an exhibit to this registration statement on Form F-4 (the "Registration Statement"), and to amend and restate the exhibit index set forth in Part II of the Registration Statement. No changes have been made to the Registration Statement other than this explanatory note as well as revised versions of the cover page and exhibit index of the Registration Statement.

This Post-Effective Amendment No. 1 does not contain copies of the final proxy statement / prospectus included in the Registration Statement, which remains unchanged from the final proxy statement / prospectus, filed on January 19, 2023. This Post-Effective Amendment shall become effective in accordance with the provisions of Rule 462 of the Securities Act of 1933, as amended.

------

**PART II** 

**INFORMATION NOT REQUIRED IN PROSPECTUS** 

**Item 20. Indemnification of Directors and Officers** 

Parent will be subject to the Irish Companies Act. Subject to exceptions, the Irish Companies Act does not permit a company to exempt a director or certain officers from, or indemnify a director against, liability in connection with any negligence, default, breach of duty or breach of trust by a director in relation to the company. The exceptions allow a company to (i) purchase and maintain director and officer insurance against any liability attaching in connection with any negligence, default, breach of duty or breach of trust owed to the company; and (ii) indemnify a director or other officer against any liability incurred in defending proceedings, whether civil or criminal (a) in which judgement is given in his or her favor or in which he or she is acquitted or (b) in respect of which an Irish court grants him or her relief from any such liability on the grounds that he or she acted honestly and reasonably and that, having regard to all the circumstances of the case, he or she ought fairly to be excused for the wrong concerned.

Under the Parent's Amended and Restated Memorandum and Articles of Association, subject to certain limitations and so far as may be permitted by the Irish Companies Act, each director, officer or employee of the Post-Combination Company, and each person who is or was serving at the request of the Post-Combination Company as a director, officer or employee of another company, or of a partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans maintained or sponsored by the Post-Combination Company, shall be entitled to be indemnified by the Post-Combination Company against all costs, charges, losses, expenses and liabilities incurred by him or her in the execution and discharge of his or her duties or in relation thereto, including any liability incurred by him or her in defending any proceedings, civil or criminal, which relate to anything done or omitted or alleged to have been done or omitted by him or her as a director, officer or employee of the Post-Combination Company or such other company, partnership, joint venture, trust or other enterprise, and in which judgment is given in his or her favor (or the proceedings are otherwise disposed of without any finding or admission of any material breach of duty on his or her part) or in which he or she is acquitted or in connection with any application under any statute for relief from liability in respect of any such act or omission in which relief is granted to him or her by the court. However, any such indemnity shall not be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable for fraud or dishonesty in the performance of his or her duty to the Post-Combination Company unless and only to the extent that the courts of Ireland or the court in which such action or suit was brought shall determine upon application that despite the adjudication of liability, but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses as the court shall deem proper.

Parent is anticipated to enter into indemnification agreements with each of the directors and executive officers of Lionheart to provide contractual indemnification providing for indemnification and advancements by the Parent of certain expenses and costs relating to claims, suits or proceedings arising from his or her service to Lionheart or, at Lionheart's request, service to other entities, as officers or directors occurring at or prior to the Merger Effective Time to the maximum extent permitted by applicable law.

Parent is also anticipated to maintain standard policies of insurance under which coverage is provided (1) to its directors and officers against loss arising from claims made by reason of breach of duty or other wrongful act, while acting in their capacity as directors and officers of the Parent, and (2) to the Parent with respect to payments which may be made by the Parent to such officers and directors pursuant to any indemnification provision contained in the Parent's Amended and Restated Memorandum and Articles of Association or otherwise as a matter of law.

------

**Item 21.** **Exhibits and Financial Statement Schedules** <br>

---

| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1# | [Business Combination Agreement (included as Annex A to this proxy statement/prospectus)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455df4a.htm#toc381) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 | [Scheme Implementation Deed (included as Annex B-1 to this proxy statement/prospectus)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455df4a.htm#ii38145) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 | [Deed of Variation (included as Annex B-2 to this proxy statement/prospectus)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455df4a.htm#annxb2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 | [Second Deed of Variation](d442539dex24.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1\* | [Second Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K filed with the SEC on November 9, 2021)](http://www.sec.gov/Archives/edgar/data/1845991/000110465921136283/tm2132380d1_ex3-1.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2\* | [Articles of Association of Parent](http://www.sec.gov/Archives/edgar/data/0001940674/000119312522239088/d381455dex32.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 | [Form of Amended and Restated Articles of Association of Parent (included as Annex C to this proxy statement/prospectus)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455df4a.htm#ii38145) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1\* | [Specimen Unit Certificate of the Company (incorporated by reference to Exhibit 4.1 of the Company's registration statement on Form S-1 (File No. 333-254479) filed with the SEC on August 25, 2021)](http://www.sec.gov/Archives/edgar/data/1845991/000110465921109382/tm2112450d1_ex4-1.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2\* | [Specimen Class A Common Stock Certificate of the Company (incorporated by reference to Exhibit 4.2 of the Company's registration statement on Form S-1 (File No. 333-254479) filed with the SEC on October 13, 2021)](http://www.sec.gov/Archives/edgar/data/1845991/000110465921125875/tm2112450d2_ex4-2.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3\* | [Warrant Agreement, dated November 3, 2021, by and between the Company and Continental Stock Transfer & Trust Company (incorporated by reference to Exhibit 4.1 of the Company's Current Report on Form 8-K filed with the SEC on November 9, 2021)](http://www.sec.gov/Archives/edgar/data/1845991/000110465921136283/tm2132380d1_ex4-1.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4\* | [Form of Assignment, Assumption and Amendment Agreement with respect to the Warrant Agreement](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex44.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5\* | [Specimen Warrant Certificate of Parent](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex45.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1\* | [Legal Opinion of Arthur Cox](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex51.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2\* | [Legal Opinion of DLA Piper LLP (US)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex52.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1\* | [Legal Opinion of DLA Piper LLP (US)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex81.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2\* | [Legal Opinion of Arthur Cox (included in Exhibit 5.1)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex51.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.1\* | [Letter Agreement, dated November 3, 2021, by and between the Company, the Sponsor and each of the Company's directors and executive officers (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed with the SEC on November 9, 2021)](http://www.sec.gov/Archives/edgar/data/1845991/000110465921136283/tm2132380d1_ex10-1.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.2\* | [Investment Management Trust Agreement, dated November 3, 2021, by and between the Company and Continental Stock Transfer & Trust Company (incorporated by reference to Exhibit 10.2 of the Company's Current Report on Form 8-K filed with the SEC on November 9, 2021)](http://www.sec.gov/Archives/edgar/data/1845991/000110465921136283/tm2132380d1_ex10-2.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.3\* | [Registration Rights Agreement, dated November 3, 2021, by and between the Company, the Sponsor and certain securityholders (incorporated by reference to Exhibit 10.3 of the Company's Current Report on Form 8-K filed with the SEC on November 9, 2021)](http://www.sec.gov/Archives/edgar/data/1845991/000110465921136283/tm2132380d1_ex10-3.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.4\* | [Private Placement Securities Subscription Agreement, dated November 3, 2021, by and between the Company and the Sponsor (incorporated by reference to Exhibit 10.4 of the Company's Current Report on Form 8-K filed with the SEC on November 9, 2021)](http://www.sec.gov/Archives/edgar/data/1845991/000110465921136283/tm2132380d1_ex10-4.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.5\* | [Private Placement Unit Subscription Agreement, dated November 3, 2021, by and between the Company, Nomura Securities International, Inc., Northland Securities, Inc. and Drexel Hamilton, LLC (incorporated by reference to Exhibit 10.5 of the Company's Current Report on Form 8-K filed with the SEC on November 9, 2021)](http://www.sec.gov/Archives/edgar/data/1845991/000110465921136283/tm2132380d1_ex10-5.htm) |

---

------

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;10.6\* | [Form of Indemnity Agreement (incorporated by reference to Exhibit 10.8 of the Company's Form S-1 (File No. 333-254479), filed with the SEC on August 25, 2021)](http://www.sec.gov/Archives/edgar/data/1845991/000110465921109382/tm2112450d1_ex10-8.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.7\* | [Administrative Services Agreement, dated November 3, 2021, by and between the Company and the Sponsor (incorporated by reference to Exhibit 10.7 of the Company's Current Report on Form 8-K filed with the SEC on November 9, 2021)](http://www.sec.gov/Archives/edgar/data/1845991/000110465921136283/tm2132380d1_ex10-7.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.8 | [Form of Lock-Up Agreement, by and between Parent and the Holder (included as Annex G to this proxy statement/prospectus)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455df4a.htm#ii38145) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.9 | [Amended and Restated Sponsor Agreement, dated July 26, 2022, by and between the Company, the Sponsor and certain Insiders (included as Annex D to this proxy statement/prospectus)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455df4a.htm#ii38145) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.10 | [Form of Amended and Restated Registration Rights Agreement, dated July 26, 2022, by and between the Company, the Sponsor and the Holders (included as Annex E to this proxy statement/prospectus)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455df4a.htm#ii38145) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.11 | [Form of Voting Agreement by and between Parent and certain Shareholders (included as Annex F to this proxy statement/prospectus)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455df4a.htm#ii38145) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.12\*+ | [Employment Agreement dated June 1, 2021, by and between Security Matters Ltd. and Haggai Alon](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1012.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.13\*+ | [Employment Agreement dated April 25, 2021, by and between Security Matters Ltd. and Limor Moshe Lotker](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1013.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.14\*+ | [Amendment I, dated June 9, 2022, to Employment Agreement dated June 1, 2021, by and between Security Matters Ltd. and Haggai Alon](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1014.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.15\*+ | [Amendment I, dated June 9, 2022, to Employment Agreement dated April 25, 2021, by and between Security Matters Ltd. and Limor Moshe Lotker](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1015.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.16\*† | [License Agreement, dated January 1, 2015, by and between Isorad Ltd. and Security Matters, Ltd.](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1016.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.17\*† | [Amendment to License Agreement, dated July 10, 2018, by and between Isorad Ltd. and Security Matters, Ltd.](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1017.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.18\*† | [Addendum to License Agreement, dated April 30, 2019, by and between Isorad Ltd. and Security Matters, Ltd.](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1018.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.19† | [Amended and Restated License Agreement, dated January 2, 2023, by and between Isorad Ltd. and Security Matters, Ltd.](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex1019.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.20\* | [Constitution True Gold Consortium Pty Ltd.](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1019.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.21\*† | [TrueGold Licensing Agreement dated July 26, 2020, by and between Security Matters, Ltd. and True Gold Consortium Pty Ltd.](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1020.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.22\* | [Shareholders Agreement dated July 27, 2020 by and among Security Matters Limited, W.A. Mint Pty. Ltd. and True Gold Consortium Pty Ltd.](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1021.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.23\* | [True Gold R&D Services Agreement dated November 16, 2020, by and between Security Matters, Ltd. and True Gold Consortium Pty Ltd.](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1022.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.24\* | [Services Agreement dated June 16, 2021, by and between Security Matters Limited and True Gold Consortium Pty Ltd.](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1023.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.25\* | [Amendment, dated May 26, 2022, to True Gold R&D Services Agreement, by and between Security Matters, Ltd. and True Gold Consortium Pty. Ltd.](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1024.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.26\*† | [Shareholders Agreement dated April 30, 2019, by and among Security Matters Ltd., Trifecta Industries Ltd. and Newco.](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex1025.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.27\* | [Chairman Agreement dated July 26, 2022, by and among Ophir Sternberg and the Parent.](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex1027.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;10.28\* | [Independent Contractor Agreement dated July 26, 2022, by and among Faquiry Diaz and the Parent.](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex1028.htm) |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;21.1\* | [List of Subsidiaries of Parent](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex211.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;23.1\* | [Consent of BDO Israel Ziv Haft](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex231.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;23.2\* | [Consent of Marcum LLP](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex232.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;23.3\* | [Consent of Arthur Cox (included in Exhibit 5.1)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex51.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;23.4\* | [Consent of Scura Partners LLC](http://www.sec.gov/Archives/edgar/data/1940674/000119312522239088/d381455dex234.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;23.5\* | [Consent of DLA Piper LLP (US) (included in Exhibit 5.2)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex52.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;23.6\* | [Consent of DLA Piper LLP (US) (included in Exhibit 8.1)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex81.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;24.1\* | [Power of Attorney (included on signature page to this registration statement)](http://www.sec.gov/Archives/edgar/data/1940674/000119312522239088/d381455df4.htm#sig) |
| &nbsp;&nbsp;&nbsp;&nbsp;99.1\* | [Form of Proxy Card](http://www.sec.gov/Archives/edgar/data/1940674/000119312522312839/d381455dex991.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;99.2\* | [Consent of Amir Bader to be named as a director of the Post-Combination Company](http://www.sec.gov/Archives/edgar/data/0001940674/000119312522239088/d381455dex992.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;99.3\* | [Consent of Haggai Alon to be named as a director of the Post-Combination Company](http://www.sec.gov/Archives/edgar/data/0001940674/000119312522239088/d381455dex993.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;99.4\* | [Consent of Ophir Sternberg to be named as a director of the Post-Combination Company](http://www.sec.gov/Archives/edgar/data/0001940674/000119312522239088/d381455dex994.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;99.5\* | [Consent of Pauline Khoo to be named as a director of the Post-Combination Company](http://www.sec.gov/Archives/edgar/data/0001940674/000119312522239088/d381455dex995.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;99.6\* | [Consent of Roger Meltzer to be named as a director of the Post-Combination Company](http://www.sec.gov/Archives/edgar/data/0001940674/000119312522239088/d381455dex996.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;99.7\* | [Consent of Thomas Hawkins to be named as a director of the Post-Combination Company](http://www.sec.gov/Archives/edgar/data/0001940674/000119312522239088/d381455dex997.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;99.8\* | [Consent of Zeren Browne to be named as a director of the Post-Combination Company](http://www.sec.gov/Archives/edgar/data/0001940674/000119312522239088/d381455dex998.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;99.10 | [Opinion of Scura Partners LLC (included as Annex H to this proxy statement/prospectus)](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455df4a.htm#ii38145) |
| &nbsp;&nbsp;&nbsp;&nbsp;99.11\* | [Instruction 2 to Item 8.A.4 of Form 20-F Representation Letter](http://www.sec.gov/Archives/edgar/data/1940674/000119312523007309/d381455dex9911.htm) |
| 107.1\* | [Calculation of Filing Fee Tables](http://www.sec.gov/Archives/edgar/data/1940674/000119312522272645/d381455dexfilingfees.htm) |

---

------

\* Previously filed

\*\* To be filed by amendment subsequently.

# Certain schedules, annexes and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K, but will be furnished supplementally to the SEC upon request.

+ Management contract or compensatory plan or arrangement.

† Portions of this exhibit have been omitted pursuant to Item 601 of Regulation S-K promulgated under the
Securities Act because the information is not material and would be competitively harmful if publicly disclosed.

**Item 22. Undertakings** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this
registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement
(or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in
volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration
Fee" table in the effective registration statement.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the
registration statement or any material change to such information in the registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act of 1933, as amended, each such
post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which
remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) To file a post-effective amendment to the registration statement to include any financial statements required
by Item 8.A of Form 20-F at the start of any delayed offering or throughout a continuous offering. Financial statements and information otherwise required by Section 10(a)(3) of the Act need not be furnished,
provided that the registrant includes in the prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph (A)(4) and other information necessary to ensure that all other information in the prospectus
is at least as current as the date of those financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any
purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used
to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell
such securities to such purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be
filed pursuant to Rule424;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or
used or referred to by the undersigned registrant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The portion of any other free writing prospectus relating to the offering containing material information about
the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such Director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

The undersigned registrant hereby undertakes as follows: that prior to any public reoffering of the securities registered hereunder through use of a prospectus which is a part of this registration statement, by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c), the issuer undertakes that such reoffering prospectus will contain the information called for by the applicable registration form with respect to reofferings by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form.

------

The registrant undertakes that every prospectus: (1) that is filed pursuant to the immediately preceding paragraph, or (2) that purports to meet the requirements of Section 10(a)(3) of the Act and is used in connection with an offering of securities subject to Rule 415, will be filed as a part of an amendment to the registration statement and will not be used until such amendment is effective, and that, for purposes of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

The undersigned registrant hereby undertakes to respond to requests for information that is incorporated by reference into the prospectus pursuant to Item 4, 10(b), 11, or 13 of this form, within one business day of receipt of such request, and to send the incorporated documents by first class mail or other equally prompt means. This includes information contained in documents filed subsequent to the effective date of the registration statement through the date of responding to the request.

The undersigned registrant hereby undertakes to supply by means of a post-effective amendment all information concerning a transaction, and the company being acquired involved therein, that was not the subject of and included in the registration statement when it became effective.

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**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Mehoz haMerkaz, Israel on January 23, 2023.

---

| | |
|:---|:---|
| Empatan Public Limited Company | Empatan Public Limited Company |
| By: | /s/ Haggai Alon |
| Name: | Haggai Alon |
| Title: | Director |

---

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated:

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Haggai Alon | Director | January 23, 2023 |
| Haggai Alon | *(Principal Executive Officer)* |  |
| /s/ Limor Moshe Lotker | Principal Financial Officer and | January 23, 2023 |
| Limor Moshe Lotker | Principal Accounting Officer |  |
| /s/ Amir Bader | Director | January 23, 2023 |
| Amir Bader |  |  |

---

**AUTHORIZED REPRESENTATIVE** 

Pursuant to the Securities Act of 1933, the undersigned, the duly authorized representative in the United States of Empatan Public Limited Company has signed this registration statement or amendment thereto in the United States, on January 23, 2023.

---

| | |
|:---|:---|
| By: | /s/ Donald J. Puglisi |
| Name: | Donald J. Puglisi |
| Title: | Managing Director |

---

## Exhibit 2.4

**Exhibit 2.4** 

Deed of Variation - Scheme Implementation Deed

Lionheart III Corp

and

Empatan PLC

and

Security Matters Limited

ACN 626 192 998

------

**Table of Contents** 

---

| | | |
|:---|:---|:---|
| **1.** | **Definitions and interpretation** | **1** |
| 1.1 | Definitions | 1 |
| 1.2 | Interpretation | 1 |
| **2.** | **Variation of SID** | **2** |
| 2.1 | Variation | 2 |
| 2.2 | Confirmation of the SID | 3 |
| 2.3 | Prior rights and obligations not affected | 3 |
| **3.** | **Inconsistency** | **3** |
| **4.** | **General** | **3** |
| 4.1 | Severability | 3 |
| 4.2 | No variation | 3 |
| 4.3 | Execution and delivery | 3 |
| 4.4 | Counterparts | 4 |
| 4.5 | Governing law and jurisdiction | 4 |

---

------

**Deed of Variation** 

**Date 19 January 2023** 

**Parties** 

1. **Lionheart III Corp a Delaware Corporation of 4218 NE 2nd Avenue, Miami, FL 33137 (Lionheart)** 

**2.** **Empatan PLC** a public limited company incorporated in Ireland with registered number 722009 and a
registered address at Mespil Business Centre, Mespil House, Sussex Road, Dublin 4, Ireland, D04 T4A6 (**Parent**)

**3.** **Security Matters Limited** ACN 626 192 998 of Level 25, 525 Collins Street, Melbourne, Victoria 3000
(**SMX**)

**Background** 

A. The parties are parties to the SID.

B. The parties varied the SID by way of a Deed of Variation on 8 January ("First Deed")

C. The parties wish to further vary the SID as set out in this Deed

**Agreed terms** 

**1.** **Definitions and interpretation** 

**1.1** **Definitions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In this Deed:

**ASIC** means Australian Securities and Investments Committee;

**Business Day** means a day that is not a Saturday, Sunday, public holiday or bank holiday in Melbourne;

**Deed** means this deed including the background, any schedules and any annexures;

**Effective Date** means the date of this deed;

**First Deed** means the Deed of Variation executed by the parties on or about 8 January 2023

**SID** means the Scheme Implementation Deed made between the parties and dated 26 July 2022; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Unless otherwise indicated, words or expressions defined in the Deed have the same meaning in this deed.

**1.2** **Interpretation** 

In this Deed, unless the context requires otherwise:

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the singular includes the plural and vice versa;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a gender includes the other genders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) headings are used for convenience only and do not affect the interpretation of this Deed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) other grammatical forms of a defined word or expression have a corresponding meaning;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a reference to a document is to that document as amended, novated, supplemented, extended or restated from time
to time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) a reference to a party is to a party to this deed and includes that party's executors, administrators,
successors, permitted assigns and permitted substitutes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "person" includes a natural person, partnership, body corporate, association, joint venture,
governmental or local authority, and any other body or entity whether incorporated or not;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) a reference to all or any part of a statute, rule, regulation or ordinance (**statute**) is to that statute
as amended, consolidated, re-enacted or replaced from time to time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "include", "for example" and any similar expressions are not used, and must not be
interpreted, as words of limitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) a reference to any agency or body that ceases to exist, is reconstituted, renamed or replaced, or has its
powers or functions removed (**defunct body**) is to the agency or body that performs most closely the powers or functions of the defunct body;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) any provision in this Deed which is in favour of more than one person benefits all of them jointly and each of
them severally; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) any provision in this Deed which binds more than one person binds all of them jointly and each of them
severally.

**2.** **Further Variation of SID** 

**2.1** **Variation** 

With effect on and from the Effective Date, the SID is varied as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) modify the definition of **encumbrances** to add ' *with the exclusion of security granted pursuant to bridge loans disclosed in the Scheme Booklet'* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the parties acknowledge that the share capital of SMX has changed since the execution of the SID and the First
Deed and the changes set out below are to replace the incorrect share capital currently contained in the First Deed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a total of 167,854,581 SMX Shares on issue;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a total of 32,122,957 SMX Options on issue; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a total of 13,914,114 ESOP Options on issue.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The parties acknowledge that Michal Firstinberg holds 77,025 options, and has paid the exercise price for them.
As such, prior to the implementation of the SID, she will be issued with shares which shall immediately convert as part of the scheme.

**2.2** **Confirmation of the SID** 

All provisions of the SID other than those varied by clause 2.1 or varied by the First Deed remain unchanged and continue in full force.

**3.** **General** 

**3.1** **Severability** 

Any provision of this Deed which is invalid in any jurisdiction must, in relation to that jurisdiction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be read down to the minimum extent necessary to achieve its validity, if applicable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) be severed from this Deed in any other case,

without invalidating or affecting the remaining provisions of this Deed or the validity of that provision in any other jurisdiction.

**3.2** **No variation** 

This Deed cannot be amended or varied except in writing signed by the parties.

**3.3** **Execution and delivery** 

By executing this Deed, a party intends:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to be immediately bound by this Deed; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) for such execution to constitute delivery of this Deed to each other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Nothing in this clause 3.3 should be taken to exclude any statutory or common law principle applicable to the
proper execution and delivery of a deed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) This clause 3.3 supersedes, terminates and replaces any prior agreements and communications between the parties
which indicate that the agreements recorded in this Deed are "subject to contract" or similar arrangements.

**3.4** **Counterparts** 

If this Deed consists of a number of signed counterparts, each is an original and all of the counterparts together constitute the same document. A party may sign a counterpart by executing a signature page and electronically transmitting a copy of the signed page to each other party or their authorised representative. Signatures on behalf of one party that are on different counterparts will be taken to be, and have the same effect as, signatures on the same counterpart and on a single copy of this Deed.

------

**3.5** **Governing law and jurisdiction** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Deed is governed by and must be construed in accordance with the laws of Victoria.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The parties submit to the exclusive jurisdiction of the courts of that State and the Commonwealth of Australia
in respect of all matters arising out of or relating to this Deed, its performance or subject matter.

**Executed** as a deed

---

| | |
|:---|:---|
| Signed for and on behalf of **Lionheart III Corp** by its duly authorised representative in the presence of: |  |
| /s/ Wendy Sullivan | /s/ Paul H. Rapisarda |
| Signature of witness | Signature of authorised representative<br> By executing this agreement the representative staters that they have received no notice that their authority to do so has been revoked |
| Wendy Sullivan | Paul H. Rapisarda |
| Name of witness (please print) | Name (please print) |
| **Signed and delivered** for and on behalf of and as a deed of **Empatan PLC** by its lawful appointed attorney in the presence of: |  |
| /s/ Haggai Alon | /s/ Doron Afik |
| Signature of witness | Signature of attorney |
| Haggai Alon | Doron Afik |
| Name of witness (please print) | Name of attorney (please print) |
| Address of witness |  |
| CEO |  |
| Occupation of witness |  |

---

------

---

| |
|:---|
| **Executed** by **Security Matters Limited ACN 626 192 998** in accordance with section 127(1) of the *Corporations Act 2001* (Cth): |
| /s/ Haggai Alon |
| Signature of director |
| Haggai Alon |
| Name (please print) |

---