SplitMay 8, 2026, 06:13 AM
SMX Announces 20:1 Reverse Stock Split Effective May 11, 2026
AI Summary
SMX (Security Matters) Public Limited Company announced that its ordinary shares will begin trading on the Nasdaq Capital Market on a post-reverse stock split basis starting May 11, 2026, under the existing symbol "SMX". The Board of Directors fixed the split ratio at 20:1, reducing the number of outstanding shares from approximately 12 million to about 614,000. This action, approved by shareholders in May 2025, also includes adjustments to convertible securities and the aggregation and sale of fractional shares.
Key Highlights
- SMX ordinary shares will begin trading on a post-reverse stock split basis on Nasdaq Capital Market on May 11, 2026.
- The reverse stock split ratio is 20:1, combining 20 ordinary shares into 1.
- Outstanding ordinary shares will reduce from approximately 12 million to about 614,000.
- The new CUSIP number for ordinary shares will be G8267K190 and ISIN code IE0008D7EWV5.
- Outstanding options, warrants, and convertible securities will be proportionately adjusted.
- Fractional shares will not be issued; aggregated and sold on the market.