SMX sets November 9, 2026 effective date for 2.8-for-1 reverse stock split
SMX announced that its ordinary shares will begin trading on a post-reverse-split basis on Nasdaq under the unchanged symbol “SMX” on November 9, 2026. The 2.8:1 consolidation will reduce outstanding ordinary shares from approximately 2.5 million to 897,717 and change the nominal value per ordinary share from $0.00000000558603475 to $0.0000000156408973. SMX also disclosed new CUSIP and ISIN identifiers, proportional adjustment of options, warrants and other convertible securities, and an exchange-agent process f...
Key takeaways
1. Trading date: SMX ordinary shares will begin trading on Nasdaq on a post-reverse-split basis on November 9, 2026, with the ticker remaining “SMX.”
2. Share consolidation: The 2.8:1 reverse stock split reduces outstanding ordinary shares from approximately 2.5 million to 897,717.
3. Approval: Shareholders approved the enabling constitutional amendment on May 2, 2025, so no further shareholder approval was required for the split ratio.
4. Security treatment: Outstanding options, warrants and other applicable convertible securities will be proportionately adjusted under their respective terms.
5. Fractional entitlements: No fractional shares will be issued; qualifying fractional entitlements will be aggregated and, to the extent possible, sold at prevailing market prices.
6. Settlement: Continental Stock Transfer & Trust Company is the exchange agent, and nominee-held accounts are expected to reflect the split on or after November 10, 2026.
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