SMX Stock Price, News & Analysis

SMX (NASDAQ:SMX) offers a revolutionary solution to the first-mile challenge in global supply chain commodities. As the EU implements stricter sustainability regulations by 2025, SMX's technology enables companies to trace products back to their origins, ensuring compliance and transparency. The company's invisible chemical marker, embedded at the molecular level, can track materials from source to shelf without affecting quality.

SMX's technology integrates with blockchain, creating a digital twin for each marked product, providing irrefutable proof of sustainable sourcing. This solution is particularly important for industries like cocoa, where traceability remains a challenge. By solving the first-mile issue, SMX is future-proofing global supply chains and supporting the transition to a more sustainable, transparent economy.

SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) announces a collaboration mandate with Sthaler , which markets FinGo, to develop a centralized reporting platform for authenticating and ensuring transparency in supply chains for Natural Rubber, Commodities, Food, and Mining industries. This platform aims to address ESG compliance and reporting requirements, including ethical sourcing, child labor prevention, and EU Deforestation Regulation (EUDR) compliance.

SMX's technology enables marking and tracking of physical materials, while FinGo's Human Identity-as-a-Service (HIDaaS) platform verifies individuals involved in the supply chain. The collaboration is expected to offer enhanced transparency, improved ESG reporting, real-time digital auditing, secure payment systems, and end-to-end traceability. This initiative marks a shift from manual to digital reporting, potentially reducing compliance costs and reputational risks while enhancing productivity across supply chain operations.

SMX (Security Matters) (NASDAQ:SMX) offers a cutting-edge solution to sustainable manufacturing and packaging challenges. The company's technology enables sustainable manufacturing and packaging, addressing global plastic pollution and climate change concerns. SMX's Plastics Cycle Token represents a quantifiable amount of recycled plastic, ensuring measurable contributions to sustainability.

Unlike carbon credits, which have faced criticism for ineffectiveness, SMX's token guarantees actual, quantifiable reduction in plastic waste. The technology also brings traceability and accountability to industries such as automotive, gold, pharmaceuticals, and electronic waste management. SMX's approach combines physical material marking with digital tracking, providing a reliable method for ensuring transparency throughout supply chains.

As businesses shift away from carbon credits, SMX's technology offers a verifiable method for reducing environmental footprint. The company's shares have risen 21% since the start of the month, reflecting growing investor interest in its value proposition.

California has filed a groundbreaking lawsuit against Exxon Mobil, accusing the company of perpetuating global pollution through deceptive claims about plastic recycling. The lawsuit, led by Attorney General Rob Bonta, seeks billions in damages and alleges that Exxon exaggerated recycling effectiveness while promoting single-use plastics. This legal action could set a precedent for holding corporations accountable for environmental impact.

In light of these developments, SMX (Security Matters) (NASDAQ:SMX) emerges as a potential solution to the sustainable packaging challenge. SMX's innovative technology offers a way to track and verify materials throughout their lifecycle, potentially revolutionizing recycling efforts and helping companies meet sustainability targets. The technology could address issues such as the scarcity of high-quality recycled plastics and improve sorting of various plastic types.

As major brands struggle to meet sustainable packaging goals, SMX's approach could bridge the gap between ambition and reality in the industry. The company's stock rise in September suggests growing recognition of the importance of such solutions in addressing global waste and recycling challenges.

SMX (Security Matters) Public Company has closed a $5.35 million private placement of Ordinary Shares and warrants. The offering included 5,350,000 Common Units at $1.00 per unit, each consisting of one Ordinary Share or Pre-Funded Warrant and two Series A Common Warrants at $1.00 exercise price, plus one Series B Common Warrant. Gross proceeds were $5.35 million, with 20% ($1,072,000) held in escrow for potential warrant obligations. The company plans to use the net proceeds for general corporate purposes and working capital. Aegis Capital Corp. acted as lead Placement Agent, with ClearThink Securities as co-Placement Agent. The securities were sold in a private placement to accredited investors and are not registered under the Securities Act.

SMX (Security Matters) Public Company has announced a $5.35 million private placement with institutional investors. The offering includes the sale of 5,350,000 Common Units at $1.00 per unit, consisting of Ordinary Shares or Pre-Funded Warrants, along with Series A and Series B Common Warrants. The Series A Warrants have an exercise price of $1.00 and expire in 66 months, while the Series B Warrants have an exercise price of $0.00001. The transaction is expected to close around September 12, 2024. Proceeds will be used for general corporate purposes and working capital. Aegis Capital Corp is the lead Placement Agent, with ClearThink Securities as co-Placement Agent.

SMX (NASDAQ: SMX) has announced the effective date for its previously approved reverse stock split. Starting July 15, 2024, SMX's ordinary shares will trade on an adjusted basis under the same ticker symbol. The reverse split ratio is set at 75:1, reducing the total outstanding shares from approximately 39.6 million to 528 thousand. Fractional shares will not be issued; instead, aggregated fractional entitlements will be sold at prevailing market prices. The split aims to increase the per-share trading price to meet NASDAQ's minimum bid price requirement for continued listing. Shareholders holding stock in book-entry form or through brokers need not take any action.

SMX (Nasdaq: SMX) has announced a collaboration with Tradepro Inc. to enhance digital tracking and reporting within the US plastic supply chain. The initiative aims to transition from paper-based to digital and physical marker systems for post-consumer recycled materials, promoting material efficiency and sustainability. The collaboration is expected to establish a new industry standard for transparent, auditable, and accountable reporting. Joint commercial sales are anticipated to begin in Q1 2025.

Additionally, SMX's technology will also be used to improve the traceability of natural rubber, aligning with the EU Deforestation Regulation. This will help ensure ethical sourcing and sustainability, benefiting companies with transparent supply chains.

SMX (Security Matters) PLC has launched a new blockchain-based solution for centralized, data-driven reporting to ensure compliance with the EU Deforestation Regulation (EUDR) in the natural rubber industry. This technology aims to address challenges related to ethical sourcing, child labor, use of conflict minerals, and chemical usage. By transitioning from manual to digital reporting, the system reduces compliance costs, lowers reputational risks, and enhances supply chain productivity.

The comprehensive platform integrates data from multiple sources, enabling real-time monitoring and reporting of supply chain activities. Customizable compliance dashboards provide real-time updates and alerts, supporting EUDR's stringent due diligence requirements.

SMX's solution ensures traceability, transparent reporting, and regulatory compliance, aiding companies in delivering deforestation-free and legally produced natural rubber products.