sur SMX (Security Matters)
SMX Announces Reverse Stock Split Effective August 7, 2025
SMX (Security Matters) Public Limited Company, trading under NASDAQ:SMX, has announced the initiation of a reverse stock split. Effective August 7, 2025, the company's ordinary shares will trade on an adjusted basis. This move follows shareholder approval of a constitutional amendment allowing share consolidation without further approval.
The Board has set a 7:1 split ratio, reducing ordinary shares from 9 million to 1 million. Options, warrants, and convertible securities will adjust proportionately. No fractional shares will be issued; instead, these will be aggregated and sold based on market prices.
The Continental Stock Transfer & Trust Company is managing the exchange of certificates. Shareholders with book-entry shares need not take any action, with the changes reflected in their accounts post-split. For further inquiries, SMX has provided contact information.
R. E.
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