SMX amended its 2022 Incentive Equity Plan to increase authorized Ordinary Shares from 237,730 to 696,105 without stockholder approval and granted 458,375 restricted stock units to executives, directors, employees, and advisors.
Key takeaways
Amended 2022 Incentive Equity Plan to raise authorized Ordinary Shares from approximately 237,730 to 696,105.
Relied on Foreign Private Issuer exemption under Nasdaq Rule 5615(a)(3) to approve amendment without stockholder vote.
Granted 458,375 restricted stock units to executive officers and directors.
Granted additional restricted stock units to certain consultants, employees, and advisors.
RSUs vest 75% on grant date and 25% on December 1, 2026.
Information incorporated by reference into multiple Form F-3 and S-8 registration statements.