SplitMay 27, 2026, 05:32 PM
SMX Announces 2.285:1 Reverse Stock Split Effective June 1
AI Summary
SMX (Security Matters) Public Limited Company announced that its 2.285:1 reverse stock split will become effective on June 1, 2026, with shares trading on the Nasdaq Capital Market under the existing symbol "SMX" on an adjusted basis. This corporate action will reduce the number of outstanding ordinary shares from approximately 1.5 million to 650,000. The company also provided new CUSIP and ISIN numbers for the post-split shares and confirmed that all outstanding convertible securities will be proportionately adjusted.
Key Highlights
- SMX's ordinary shares will begin trading on a post-reverse stock split basis on Nasdaq under symbol "SMX" on June 1, 2026.
- The Board of Directors fixed the split ratio at 2.285:1, combining 2.285 ordinary shares into one.
- The reverse stock split will reduce outstanding shares from approximately 1.5 million to 650,000.
- The new CUSIP number for ordinary shares will be G8267K216 and the new ISIN code IE000CNLGHH1.
- Outstanding options, warrants, and other convertible securities will be proportionately adjusted.
- No fractional shares will be issued; instead, fractional entitlements will be aggregated and sold.
- Shareholder approval for the reverse stock split was not required as it was granted on May 2, 2025.
Price Impact
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