SMX reverse split cuts shares; post-split trading on Nov 18, 2025
Rhea-AI Filing Summary
SMX (Security Matters) plc announced a reverse stock split at an 8:1 ratio, effective upon the opening of business on November 18, 2025. The company’s ordinary shares will begin trading on the Nasdaq Capital Market on a post-split basis under the symbol SMX, with a new CUSIP G8267K 307 and ISIN IE000UPDVNX9.
The split consolidates every eight ordinary shares into one, reducing outstanding shares from 8,404,581 to 1,050,572. No fractional shares will be issued; fractional entitlements will be aggregated and, to the extent possible, sold at prevailing market prices. Company options, warrants, and other convertible securities, including SMXWW, will be proportionately adjusted, with SMXWW retaining its existing CUSIP. The Board set the ratio under authority granted by shareholders on May 2, 2025, and the company amended its constitution to reflect the new par value.
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Insights
Administrative 8:1 reverse split; trading post-split begins Nov 18, 2025.
The company is effecting an 8-for-1 reverse split, consolidating every eight ordinary shares into one. Outstanding shares decrease from 8,404,581 to 1,050,572. This action is a corporate recapitalization step and does not itself raise capital.
Fractional shares will not be issued; instead, fractional entitlements are aggregated and, to the extent possible, sold at prevailing market prices. Listed warrants (SMXWW) and other convertibles will be proportionately adjusted according to their terms, preserving economic equivalence on a per-holder basis.
Shares trade on a post-split basis on November 18, 2025 under SMX, with new CUSIP and ISIN. The board acted under shareholder-authorized powers from May 2, 2025. Actual market impact will depend on trading after the effective date.
FAQ
What reverse split did SMX (SMX) implement?
When do SMX shares begin trading post-split on Nasdaq?
How did the reverse split change SMX's outstanding shares?
How will SMX handle fractional shares from the reverse split?
What happens to SMX warrants (SMXWW) after the split?
Did SMX require shareholder approval for the reverse split?
What are the new identifiers for SMX ordinary shares?