SMX (Security Matters) Public Limited Company will implement a 2.285-for-1 reverse stock split. Trading on a split-adjusted basis begins June 1, 2026. The company will maintain its SMX ticker on Nasdaq. It will adopt a new CUSIP number, G8267K216.
The consolidation reduces outstanding ordinary shares to approximately 650,000. This represents a decrease from the previous 1.5 million shares. Every 2.285 existing shares will convert into one new share.
The company will proportionately adjust all outstanding options, warrants, and convertible securities. SMX will not issue fractional shares. The company will instead aggregate and sell fractional interests at prevailing market prices.