Newsmax agreed to pay Smartmatic $40 million as part of a settlement last year following the voting technology company’s election defamation lawsuit against the right-wing news outlet, according to a new regulatory filing,

Newsmax Media has agreed to pay $40 million to settle allegations it defamed Smartmatic by reporting false claims that the voting machine company helped rig the 2020 U.S. election for Joe Biden over Donald Trump,

Newsmax agreed to pay Smartmatic $40 million in the conservative cable network's settlement of the defamation lawsuit over the airing of 2020 election falsehoods, per a regulatory filing. The big picture: The companies reached a settlement last September that includes the cash settlement "payable over time and the issuance of a five year cash exercise warrant to purchase 2,