SMX Amends Constitution and Issues New CUSIP/ISIN After 7:1 Split
Rhea-AI Filing Summary
Effective date and listing: Upon the opening of business on August 7, 2025, SMX (Security Matters) Public Limited Company ordinary shares will begin trading on the Nasdaq Capital Market on a post-reverse stock split basis under the existing symbol SMX. The Company new CUSIP is G8267K2174 and the new ISIN is IE000TB5RTG4.
Reverse stock split details: The Board effected a 7:1 reverse stock split pursuant to a May 2, 2025 constitutional amendment, combining every seven ordinary shares into one. Outstanding shares will be reduced from approximately 9 million to approximately 1 million. No fractional shares will be issued; fractional entitlements will be aggregated and, where possible, sold at prevailing market prices. All outstanding options, warrants and convertible securities will be proportionately adjusted; warrants listed under symbol SMXWW will retain their existing CUSIP. The Amended Constitution is filed as Exhibit 1.1 and a press release dated August 5, 2025 is filed as Exhibit 99.1.
Positive
- Nasdaq trading confirmed to commence on August 7, 2025 on a post-split basis under ticker SMX
- Share count reduced from approximately 9 million to approximately 1 million via a 7:1 reverse split
- New CUSIP and ISIN assigned: G8267K2174 and IE000TB5RTG4
- Derivatives adjusted proportionately; warrants listed as SMXWW retain existing CUSIP
Negative
- None.
Insights
TL;DR: Administrative corporate action: 7:1 reverse split effective Aug 7, 2025 reduces share count and updates CUSIP/ISIN; derivatives adjusted.
The filing documents a board-authorized 7:1 reverse stock split effective at market open on August 7, 2025, reducing outstanding ordinary shares from ~9 million to ~1 million. The Company provides the new CUSIP G8267K2174 and ISIN IE000TB5RTG4 and confirms Nasdaq trading will commence post-split under ticker SMX. Fractional entitlements will be aggregated and sold where possible. The filing also notes proportionate adjustments to options, warrants and convertibles and retains the existing CUSIP for warrants listed as SMXWW. This is a procedural capital-structure action with direct operational effects on share count and security identifiers.
TL;DR: Constitution amended May 2, 2025 enables the board to consolidate shares; reverse split executed without further shareholder vote.
The report cites a May 2, 2025 shareholder-approved amendment permitting the board to consolidate or divide share classes, which the board relied upon to effect the reverse split without additional shareholder approval. The Company filed the Amended Constitution as Exhibit 1.1 and a press release as Exhibit 99.1. The filing explicitly addresses fractional-share handling and proportional adjustment mechanics for convertible instruments, which are customary governance steps following a consolidation. The disclosure is focused and limited to corporate-authority and mechanics; it does not provide forward-looking commentary or financial performance data.