sur SMX (Security Matters)
SMX Implements 4.1:1 Reverse Stock Split
SMX (Security Matters) announced that its reverse stock split, approved by shareholders on April 15, will take effect on June 16, 2025. This adjustment means that every 4.1 ordinary shares will be consolidated into one share, reducing the total from approximately 4 million to 1 million. Trading will continue under the ticker symbol "SMX".
The initiative aims to increase the per-share trading price of the company’s ordinary shares. SMX's warrants listed under the symbol SMXWW remain unchanged in CUSIP number but are adjusted for the split. No fractional shares will be issued, and the fractional entitlements will be aggregated and sold at market prices.
The Continental Stock Transfer & Trust Company will act as the exchange agent, guiding shareholders through the certificate exchange process. Those with book-entry shares do not need to take action, as their accounts will reflect changes post-split.
R. P.
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