SMX Announces Reverse Stock Split Effective November 9, 2026
News related to:SMX (Security Matters) · 2 min read
NEW YORK, NY, November 4, 2026 /CourierPR/ -- SMX, a public limited company listed on NASDAQ (NASDAQ:SMX), announced that its reverse stock split will take effect on November 9, 2026. The company’s ordinary shares will be consolidated at a ratio of 2.8:1, meaning every 2.8 ordinary shares with a nominal value of $0.00000000558603475 per share will be combined into one ordinary share with a nominal value of $0.0000000156408973 per share. This action will reduce the number of outstanding ordinary shares from approximately 2.5 million to 897,717.
The reverse stock split will be effective under the existing ticker symbol "SMX." The new CUSIP number for the company’s ordinary shares will be G8267K505, and the new ISIN code will be IE000YMEYEO8. Shareholders with shares held in book-entry form or through a bank, broker, or other nominee will see the impact of the reverse stock split reflected in their accounts on or after November 10, 2026. Shareholders who hold stock certificates will receive instructions from Continental Stock Transfer & Trust Company regarding the exchange of certificates.
No fractional shares will be issued in connection with the reverse stock split. Instead, the company will aggregate the fractional entitlements of shareholders who would otherwise receive fractional shares and sell such aggregated fractional ordinary shares on the basis of prevailing market prices at the time. This process ensures that all shareholders maintain their proportional ownership in the company.
The company’s Board of Directors approved the reverse stock split on May 2, 2025, without the need for shareholder approval. The move is intended to enhance the liquidity and trading volume of the company’s shares, making them more attractive to investors.
Forward-looking statements in this press release are subject to the Private Securities Litigation Reform Act of 1995. These statements include expectations regarding the company’s ability to comply with Nasdaq’s continued listing standards. The company notes that the reverse stock split is part of its ongoing efforts to improve the trading characteristics of its shares and enhance shareholder value. The company also acknowledges the potential lingering effects of the COVID-19 pandemic on its business operations.