SMX Stock Price, News & Analysis

SMX (NASDAQ:SMX) marked a transformative 2024 with record-breaking trading volumes on Nasdaq, reaching 826.6M shares on December 4 and 448.6M shares on December 6. The company successfully raised $14M throughout 2024, including a recent $1M capital injection on December 30.

The company established strategic partnerships with Brinks, YBRÁ Capital, Fingo, Tradepro, and luxury brands, while also engaging with a major chip manufacturer to integrate its marking technology into NFC and RFID chips. SMX's blockchain-inclusive molecular embedding technology focuses on material authentication throughout supply chains, supporting sustainability and circular economy initiatives.

Looking ahead to 2025, SMX plans to leverage its Plastic Cycle Token (PCT), positioned as an alternative to traditional carbon credits, aiming to create a transparent trading market for sustainability incentives.

Security Matters (NASDAQ:SMX) is addressing global sustainability challenges through its innovative technology that combines chemical-based barcodes with blockchain to create 'digital twins' of physical objects. The technology enables tracking, tracing, and verifying materials across their lifecycle, supporting the transition from linear to circular economy.

The company has completed proof-of-concept partnerships with major corporations including PepsiCo, Brink's, Continental, and Intel, demonstrating its ability to protect against tampering in various materials from liquids to motherboards. SMX's solution aligns with the Circular Electronics Partnership's vision, offering a unified approach to sustainability through its Plastic Cycle Token (PCT) system, which enables open-market trading of recycled plastics.

SMX has announced the integration of its proprietary technology for marking and protecting NFC and RFID chips. The company has successfully embedded unique markers into chip coatings, enabling authentication and verification throughout their lifecycle. The coating technology has demonstrated enhanced durability and performance in testing, with heat resistance up to 150 degrees Celsius.

The technology is being positioned for applications in wearable and flexible electronics, including smartwatches, fitness trackers, medical devices, and flexible displays. SMX believes its solution is particularly suitable for fashion, sports, and activewear that incorporate electronic components, as testing has shown the coating can withstand cleaning, washing, curing, and exposure to various environmental stressors.

SMX received a delinquency notification from Nasdaq on December 11, 2024, due to non-compliance with listing requirements. The company's ordinary shares traded below $1.00 for 30 consecutive business days from October 8 to December 9, 2024. Unlike standard cases where companies get 180 days to comply, SMX is ineligible for this grace period due to multiple reverse stock splits over the past two years with a cumulative ratio exceeding 250:1. To prevent trading suspension, SMX plans to request a hearing before a Hearings Panel, which will temporarily maintain the listing of both ordinary shares and public warrants on Nasdaq Capital Market until a final decision is reached.

SMX and Ybyra Capital announced a merger deal combining SMX's molecular marking technology with Ybyra's $1 billion infrastructure and commodities portfolio in Brazil. The merger aims to revolutionize supply chain accountability and traceability in Brazil's vast commodity markets.

The combined entity will leverage SMX's technology to track commodities from source through global supply chains, addressing important markets including soybeans ($47.2B), raw sugar ($11.5B), bovine meat ($11B), and coffee ($8.86B). Ybyra contributes with fertilizer holdings, port operations, and real estate assets across Brazil.

The deal positions the combined company to meet growing global demands for sustainable and traceable commodities, particularly under new EU regulations. The merged entity's asset base is valued at over $600 million, while SMX currently trades at a market cap of $4.16 million.

SMX and Ybyra Capital have signed a non-binding Heads of Agreement for a potential merger, aiming to combine SMX's digital traceability technologies with Ybyra's asset base in South America. The merger, targeting completion in first half 2025, involves Ybyra contributing fertilizer holdings and real estate assets to a new Irish company owned by SMX, with Ybyra shareholders receiving SMX shares in exchange.

The combined entity aims to integrate SMX's marking, tracking, and certification capabilities with Ybyra's logistics and commodity infrastructure, focusing on products like coffee, tea, metals, palm oil, and natural rubber. The merger seeks to capitalize on South America-Asia trade opportunities, enhancing supply chain transparency and accountability.

The agreement requires further due diligence, regulatory and shareholder approvals, and definitive merger documents, with no assurance of completion.

TrueGold, a subsidiary of SMX (NASDAQ:SMX), has introduced a revolutionary molecular-marking technology for the gold industry that creates a fully traceable supply chain from mining to recycling. The technology, accredited as a Gold Bar Security Feature by the London Bullion Market Association (LBMA), enables gold to be marked at the molecular level and traced both tangibly and digitally. Through partnerships with Ava Global for secure logistics and Fingo for digital verification, the system can verify gold's origin, quantify recycled content percentage, and maintain blockchain-recorded traceability throughout the production chain, applicable to both bullion and luxury goods.

SMX and Sthaler (FinGo ID) have announced a collaboration mandate to develop a centralized reporting platform for the artisanal and small-scale mining (ASM) sector. The partnership aims to combine SMX's physical material tracking technology with FinGo's biometric Human Identity-as-a-Service platform to ensure transparency and ethical sourcing in the gold supply chain.

The initiative focuses on addressing key challenges including ethical sourcing of precious metals, child labor prevention, chemical use monitoring, and location identification of mining operations. The platform is expected to offer enhanced transparency, improved governance, real-time digital auditing, secure payment systems, and end-to-end traceability. This collaboration operates on a three-month review cycle and aims to transition from manual to digital reporting systems.

Los Angeles County's lawsuit against major brands like Coca-Cola and PepsiCo over plastic pollution highlights the contrast between punitive measures and technological solutions. The PR argues that instead of fines and penalties, SMX's technology offers a better approach through digital traceability solutions and the Plastic Cycle Token (PCT). SMX's system creates digital twins of materials, enabling tracking from source to recycling, while providing a blockchain-based market mechanism that incentivizes sustainable practices. The PR suggests that regulatory bodies should focus on partnering with companies and fostering technological innovation rather than imposing punitive measures.