SMX (Security Matters) Public Ltd Co

SMX (Security Matters) Public Limited Company announced that its ordinary shares will begin trading on a post-reverse stock split basis on November 9, 2026. The company's board of directors fixed the split ratio at 2.8:1, which will reduce the number of outstanding shares from approximately 2.5 million to 897,717. All outstanding options, warrants, and convertible securities will be proportionately adjusted. The company also updated its CUSIP and ISIN codes.

SMX (Security Matters) Public Ltd Co filed an F-1 registration statement for the resale of up to 25,414,300 Ordinary Shares by a Selling Stockholder. These shares are part of a $250 million Standby Equity Purchase Agreement (SEPA), from which the company has already drawn down approximately $50.5 million. The proceeds from the SEPA are intended for working capital, general corporate purposes, and debt repayment. The company has also undergone numerous reverse stock splits and recently launched new platforms and adopted a shareholder rights agreement.

SMX (Security Matters) Public Ltd Co reported its interim condensed consolidated financial statements for the first half of 2026, highlighting a significantly strengthened balance sheet and improved liquidity. The company's cash and cash equivalents increased to $33.54 million, and shareholders' equity grew by 181% to $54.35 million. This improvement was largely driven by raising $50.5 million through its SEPA program, which also saw an increase in commitment from $100 million to $250 million. Despite these financial improvements, SMX continued to incur operating losses, with a net loss of $45.45 million for the period, and has not yet generated revenues, necessitating additional financing for long-term growth.

SMX (Security Matters) Public Ltd Co reported consolidated financial statements as of December 31, 2025, revealing accumulated losses of $251 million and a net loss of $174.59 million for the year. The company's recurring losses and negative cash flows raise substantial doubt about its ability to continue as a going concern. SMX has undertaken multiple reverse stock splits throughout 2024 and 2025 to maintain Nasdaq compliance and has secured significant funding through convertible notes and a Standby Equity Purchase Agreement.

SMX (Security Matters) Public Ltd Co has launched a new platform designed to create a generation of verified and certified recycled plastic products. The platform integrates molecular marking technology, Digital Material Passports, a Recycled Plastic Registry, Marketplace functionality, and Plastic Cycle Tokens to address challenges in sorting, verification, and material grading. This initiative aims to enable higher-value applications for recycled plastics, improve transparency, and unlock new revenue opportunities across the plastics value chain.

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.

SMX (Security Matters) Public Limited Company amended its 2022 Incentive Equity Plan, increasing the number of authorized Ordinary Shares from approximately 237,730 to 696,105. Following this, the company granted an aggregate of 458,375 restricted stock units to its executive officers, directors, consultants, employees, and advisors. The RSUs vest 75% on the grant date and 25% on December 1, 2026. The amendment was approved without stockholder approval, leveraging Nasdaq Rule 5615(a)(3) for Foreign Private Issuers.

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.

SMX (Security Matters) Public Limited Company amended its 2022 Incentive Equity Plan, increasing the number of authorized Ordinary Shares by approximately 2,312,500 to a total of 4,754,592. Following this amendment, the company granted an aggregate of 2,300,000 restricted stock units (RSUs) to executive officers, directors, and service providers. These RSUs are subject to vesting, with the earliest date being January 31, 2027.