SMX · SMX (Security Matters) Public Limited Company

SMX (Security Matters) Public Limited Company announced a 20:1 reverse stock split of its ordinary shares, effective May 11, 2026. The split reduces outstanding shares from approximately 12 million to about 614,000, with the nominal value per share increasing from $0.00000000012219451015625 to $0.000000002443890203125. The move was authorized by the Board of Directors following a shareholder-approved constitutional amendment on May 2, 2025, which granted the Board discretion to consolidate or divide share classes without further shareholder approval. No fractional shares will be issued; instead, fractional entitlements will be aggregated and sold at prevailing market prices, with proceeds distributed to entitled shareholders. Outstanding options, warrants, and convertible securities will be proportionately adjusted. The company's warrants (SMXWW) retain their existing CUSIP. Continental Stock Transfer & Trust Company serves as exchange agent. Shareholders holding shares in book-entry form or through nominees need not take action, as adjustments will be reflected automatically by May 12, 2026. This reverse split is likely aimed at meeting Nasdaq's minimum bid price requirement for continued listing, though the filing does not explicitly state this. The new CUSIP is G8267K190 and ISIN is IE0008D7EWV5.