SMX Announces Effective Date of Reverse Stock Split
SMX (NASDAQ:SMX) announced the effective date and terms of its reverse stock split.
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Rhea-AI Summary
SMX (NASDAQ:SMX) announced the effective date and terms of its reverse stock split. Trading on a split-adjusted basis will begin on June 1, 2026 under the existing ticker. The split ratio is 2.285:1, reducing outstanding ordinary shares from about 1.5 million to about 650,000.
Options, warrants (including SMXWW) and other convertibles will be proportionately adjusted. No fractional shares will be issued; aggregated fractions will be sold. Continental Stock Transfer & Trust will act as exchange agent.
Positive
- Reverse split ratio of 2.285:1 reduces ordinary shares from ~1.5M to ~650k
- Existing options, warrants and other convertibles will be proportionately adjusted to preserve economic terms
- Trading of SMX shares will continue under the existing NASDAQ ticker after June 1, 2026
Negative
- No fractional shares issued; aggregated fractional entitlements will be sold for cash
- Shareholders holding certificates must follow exchange instructions from Continental Stock Transfer & Trust
Details
News Market Reaction – SMX
On May 28, the first trading day after this news, SMX closed 15.52% below the previous close.
Data tracked by StockTitan Argus for the May 28 session.
Key Figures
- Reverse split ratio
- 2.285:1
- Each 2.285 ordinary shares consolidated into 1
- Pre-split shares
- 1.5 million
- Approximate ordinary shares outstanding before split
- Post-split shares
- 650,000
- Approximate ordinary shares outstanding after split
- Effective trading date
- June 1, 2026
- Reverse split effective for adjusted trading
- Old nominal value
- $0.000000002443890203125
- Per ordinary share before 2.285:1 consolidation
- New nominal value
- $0.00000000558603475
- Per ordinary share after 2.285:1 consolidation
- Current price
- $7.99
- Prior close before this news
- 52-week range
- $6.11 – $339,700.77
- Low and high before current announcement
Previous Stock split Reports
-
Announced 20:1 reverse split cutting shares to about 614,000.
-
Announced 4.8828125:1 reverse split reducing shares to ~2 million.
-
Announced 8:1 reverse split cutting shares to 1,050,572.
-
Set 10.89958:1 consolidation ratio, reducing shares to ~1 million.
-
Announced 7:1 reverse split, from ~9 million to ~1 million shares.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
reverse stock split financial
cusip financial
isin financial
warrants financial
convertible securities financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, NY / ACCESS Newswire / May 27, 2026 / SMX (Security Matters) Public Limited Company (NASDAQ:SMX)(NASDAQ:SMXWW) (the "Company"), today announced that the reverse stock split of the Company's ordinary shares will begin trading on an adjusted basis giving effect to the reverse stock split on June 1, 2026 under the existing ticker symbol "SMX". The new CUSIP number of the Company's ordinary shares will be G8267K216 and the new ISIN code will be IE000CNLGHH1.
On May 2, 2025, the Company's Shareholders approved a proposal to amend the Company's constitution to allow the Company's Board of Director's to consolidate and/or divide all or any of the Company's classes of shares as the Board of Directors sees fit. As such, Shareholder approval was not required to effect the reverse stock split.
The Company's Board of Directors' fixed the split ratio at 2.285:1, every 2.285 ordinary shares of the Company with a nominal value
Outstanding Company options, warrants and other applicable convertible securities, including the Company's warrants listed on the Nasdaq Capital Market under the symbol SMXWW which will retain its existing CUSIP number, will be proportionately adjusted in accordance with their respective terms. No fractional shares will be issued in connection with the reverse stock split. Instead, the Company will aggregate the fractional entitlements of shareholders who otherwise would be entitled to receive fractional shares because they hold a number of ordinary shares not evenly divisible by 2.285 ordinary shares pursuant to the reverse stock split or they hold less than the number of ordinary shares which should be consolidated into one ordinary share pursuant to the reverse stock split and, to the extent possible, sell such aggregated fractional ordinary shares on the basis of prevailing market prices at such time.
Continental Stock Transfer & Trust Company is acting as exchange agent for the reverse stock split and will send instructions to any shareholders of record who hold stock certificates regarding the exchange of certificates. Shareholders with shares held in book-entry form or through a bank, broker, or other nominee are not required to take any action and will see the impact of the reverse stock split reflected in their accounts on or after June 2, 2026. Such beneficial holders may contact their bank, broker, or nominee for more information. Continental Stock Transfer may be reached for questions at (212) 509-4000.
-Ends-
For further information contact:
SMX GENERAL ENQUIRIES
E: info@securitymattersltd.com
About SMX
As global businesses face new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards, SMX is able to offer players along the value chain access to its marking, tracking, measuring and digital platform technology to transition more successfully to a low-carbon economy.
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example, the Company's ability to regain compliance with applicable Nasdaq standards or comply with the continued listing standards of Nasdaq even if the Company regains compliance. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; any lingering effects of the COVID-19 pandemic on SMX's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which SMX operates; the risk that SMX and its current and future collaborators are unable to successfully develop and commercialize SMX's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that SMX is unable to secure or protect its intellectual property; the possibility that SMX may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in SMX's filings from time to time with the Securities and Exchange Commission.
SOURCE: SMX (Security Matters)
View the original press release on ACCESS Newswire
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