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[6-K] SMX (Security Matters) Public Ltd Co Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

SMX (Security Matters) Public Limited Company reported that it further amended its 2022 Incentive Equity Plan, increasing the number of authorized Ordinary Shares under the plan from approximately 1,139,275 to 10,785,000. Relying on home country corporate governance practices permitted under Nasdaq Rule 5615(a)(3), this amendment was approved without a shareholder vote. Following the amendment, the company granted 6,935,000 restricted stock units and 3,850,000 stock options to executive officers, directors, and certain consultants, employees, and advisors.

The company’s Annual General Meeting of Shareholders was convened on November 24, 2025 but adjourned for one week due to lack of quorum and will be reconvened on December 1, 2025. At the reconvened meeting, any number of shareholders present in person or by proxy will constitute a quorum. SMX also announced it will present its Physical-to-Digital Link technology at the 2025 DMCC Precious Metals Conference.

Positive

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Negative

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Insights

SMX sharply expands its equity incentive pool and confirms an adjourned shareholder meeting.

SMX increased the authorized Ordinary Shares under its 2022 Incentive Equity Plan from approximately 1,139,275 to 10,785,000. It then granted 6,935,000 restricted stock units and 3,850,000 stock options to executives, directors and various service providers. This points to a significant reliance on equity-based compensation, which can align stakeholders with long-term performance but may dilute existing holders depending on total shares outstanding.

The amendment was approved without shareholder consent by using home country practices allowed under Nasdaq Rule 5615(a)(3). That approach is permitted, yet it shifts the balance of control toward the board and management on compensation matters. The Annual General Meeting was adjourned due to lack of quorum and will reconvene on December 1, 2025, where any number of shareholders present or represented will constitute a quorum, making it easier to complete the scheduled agenda.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2025

 

Commission File Number: 001-41639

 

SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY

(Exact Name of Registrant as Specified in Charter)

 

Mespil Business Centre, Mespil House

Sussex Road, Dublin 4, Ireland

Tel: +353-1-920-1000

(Address of Principal Executive Offices) (Zip Code)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

Incentive Equity Plan

 

SMX (Security Matters) Public Limited Company (the “Company”) further amended its 2022 Incentive Equity Plan, as amended (the “Incentive Plan”), to increase the number of authorized Ordinary Shares under the Incentive Plan from approximately 1,139,275 to 10,785,000 (the “Amendment”). As a Foreign Private Issuer, Nasdaq Rule 5615(a)(3) allows the Company to rely on home country corporate governance practices in lieu of certain of the rules in the Nasdaq Rule 5600 Series and Rule 5250(d) and, accordingly, the Company so elected to approve the Amendment without stockholder approval. Thereafter, the Company granted an aggregate of 6,935,000 restricted stock units and 3,850,000 stock options to its executive officers and directors, and to certain consultants, employees and advisors to the Company.

 

Annual Meeting of Shareholders

 

On November 24, 2025, the Company convened its previously announced Annual General Meeting of Shareholders (the “Meeting”). However, the Meeting was adjourned for one week to the same day, time and place due to a lack of quorum. Accordingly, the Meeting will be reconvened on Monday, December 1, 2025 at 10:00 a.m. (Eastern Time) and 3:00 p.m. (Irish Time), at Arthur Cox LLP, Ten Earlsfort Terrace, Dublin 2, Ireland, DO2 T380 (the “Adjourned Meeting”). If a quorum is not present at the Adjourned Meeting, any number of shareholders who are present in person or by proxy, or who have delivered a proxy card, will constitute a quorum, and shall be entitled to deliberate and to resolve in respect to the matters for which the Meeting was convened. Proxy cards delivered for the Meeting will be voted at the Adjourned Meeting.

 

DMCC Precious Metals Conference

 

On November 25, 2025, the Company announced that it will showcase its Physical-to Digital Link technology in a presentation titled “From Mine to Market: The Physical-to-Digital Link Powering Transparency in Precious Metals” at the DMCC Precious Metals Conference.

 

Attached to this Report as Exhibit 99.1 is a copy of the press release dated November 25, 2025 titled “SMX to Present at the 2025 DMCC Precious Metals Conference: Setting a New Global Standard for Transparency, Authenticity, and Tokenised Gold.”

 

Exhibit
Number
  Description
99.1   Press release dated November 25, 2025

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: November 25, 2025

 

  SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY
   
  By: /s/ Haggai Alon
  Name: Haggai Alon
  Title: Chief Executive Officer

 

 

 

FAQ

What change did SMX (SMX) make to its 2022 Incentive Equity Plan?

SMX further amended its 2022 Incentive Equity Plan to increase the number of authorized Ordinary Shares under the plan from approximately 1,139,275 to 10,785,000.

Did SMX shareholders approve the latest amendment to the Incentive Equity Plan?

No. As a foreign private issuer, SMX relied on home country corporate governance practices permitted under Nasdaq Rule 5615(a)(3) and approved the amendment without stockholder approval.

How many equity awards did SMX grant following the plan amendment?

After the amendment, SMX granted an aggregate of 6,935,000 restricted stock units and 3,850,000 stock options to its executive officers, directors, and certain consultants, employees, and advisors.

What happened at SMX’s November 2025 Annual General Meeting of Shareholders?

The Annual General Meeting convened on November 24, 2025 but was adjourned for one week due to a lack of quorum. It will be reconvened on December 1, 2025 at the same time and place.

What quorum rules will apply at SMX’s reconvened Annual General Meeting?

If a quorum is not present at the reconvened meeting, any number of shareholders who are present in person or by proxy, or who have delivered a proxy card, will constitute a quorum and may deliberate and resolve the meeting’s matters.

What conference presentation did SMX announce in this 6-K filing?

SMX announced it will showcase its Physical-to-Digital Link technology in a presentation titled “From Mine to Market: The Physical-to-Digital Link Powering Transparency in Precious Metals” at the 2025 DMCC Precious Metals Conference.

What exhibit was included with SMX’s November 2025 Form 6-K?

The filing includes Exhibit 99.1, a press release dated November 25, 2025 titled “SMX to Present at the 2025 DMCC Precious Metals Conference: Setting a New Global Standard for Transparency, Authenticity, and Tokenised Gold.”

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