20-for-1 SMX (NASDAQ: SMX) reverse split sharply cuts share count
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
SMX (Security Matters) Public Limited Company is implementing a 20-for-1 reverse stock split of its ordinary shares. Trading on the Nasdaq Capital Market will begin on a post-split basis on May 11, 2026 under the existing symbol SMX.
The reverse split will reduce the number of outstanding ordinary shares from approximately 12 million to approximately 614,000, with every 20 existing shares combined into one new share. No fractional shares will be issued; instead, aggregated fractional entitlements will be sold in the market and cash distributed. All outstanding options, warrants (including SMXWW), and other convertible securities will be proportionately adjusted, and the company’s constitution has been amended to reflect the new par value.
Positive
- None.
Negative
- None.
Key Figures
Reverse split ratio: 20-for-1
Shares outstanding before split: approximately 12 million shares
Shares outstanding after split: approximately 614,000 shares
+5 more
8 metrics
Reverse split ratio
20-for-1
Board of Directors fixed the split ratio
Shares outstanding before split
approximately 12 million shares
Ordinary shares outstanding pre–reverse split
Shares outstanding after split
approximately 614,000 shares
Ordinary shares outstanding post–reverse split
Pre-split nominal value
$0.00000000012219451015625 per share
Nominal value of each ordinary share before consolidation
Post-split nominal value
$0.000000002443890203125 per share
Nominal value of each ordinary share after consolidation
Effective trading date
May 11, 2026
Date SMX shares begin trading on a post-split basis
New CUSIP
G8267K190
CUSIP number for SMX ordinary shares after reverse split
New ISIN
IE0008D7EWV5
ISIN code for SMX ordinary shares after reverse split
Key Terms
reverse stock split, Nasdaq Capital Market, CUSIP number, ISIN code, +2 more
6 terms
reverse stock split financial
"the reverse stock split of the Company’s ordinary shares will begin trading"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
Nasdaq Capital Market financial
"ordinary shares will begin trading on the Nasdaq Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
CUSIP number financial
"The new CUSIP number of the Company’s ordinary shares will be G8267K190"
A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.
ISIN code financial
"the new ISIN code will be IE0008D7EWV5"
An ISIN code is a unique identifier for a specific financial asset, like a stock or bond, similar to a product's barcode. It helps investors, traders, and banks quickly and accurately find and track that asset across different markets worldwide. This makes buying, selling, and managing investments more organized and reliable.
forward-looking statements regulatory
"The information in this press release includes “forward-looking statements” within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Continental Stock Transfer & Trust Company financial
"Continental Stock Transfer & Trust Company is acting as exchange agent for the reverse stock split"
FAQ
What reverse stock split did SMX (SMX) announce on Nasdaq?
SMX approved a 20-for-1 reverse stock split of its ordinary shares. Every 20 existing shares will be combined into one new share, significantly reducing the number of shares outstanding while keeping each investor’s proportional ownership the same.
When will SMX’s 20-for-1 reverse stock split take effect?
SMX’s reverse stock split will begin trading on an adjusted basis on May 11, 2026. Shares will continue to trade on the Nasdaq Capital Market under the SMX ticker, reflecting the new share count from that date onward.
How are SMX options and warrants treated in the reverse split?
All outstanding SMX options, warrants, and other convertible securities, including the Nasdaq-listed SMXWW warrants, will be proportionately adjusted. This maintains their economic value by aligning exercise terms with the new share structure after the 20-for-1 consolidation.
What are SMX’s new CUSIP and ISIN after the reverse split?
Following the reverse stock split, SMX’s ordinary shares will have CUSIP number G8267K190 and ISIN code IE0008D7EWV5. The company’s warrants trading under the symbol SMXWW will retain their existing CUSIP number, so only the ordinary share identifiers change.