on SMX Ltd. (NASDAQ:SMX)
SMX Announces Reverse Stock Split Effective Date
SMX (Security Matters) has announced that its reverse stock split will take effect on October 23, 2025. The company's ordinary shares will continue trading under the ticker "SMX" with a new CUSIP number, G8267K182, and ISIN code, IE000UPDVNX9.
The reverse stock split, approved by SMX's Board of Directors without requiring further shareholder approval, consolidates 10.89958 ordinary shares into one, reducing the total outstanding shares from 15.5 million to 1 million. The nominal value of each share will adjust accordingly.
Options, warrants, and applicable convertible securities will also be proportionately adjusted. No fractional shares will be issued; instead, these will be aggregated and sold at prevailing market prices. Continental Stock Transfer & Trust Company will handle the process for shareholders.
R. H.
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