SMX Announces 28.5:1 Reverse Stock Split, Adjusted Trading to Begin January 15, 2025

Benzinga·01/13/2025 11:43:11

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SMX (Security Matters) Public Limited Company (NASDAQ:SMX)(NASDAQ:SMXWW) (the "Company"), today announced that the reverse stock split of the Company's ordinary shares, which was previously approved by the Company's shareholders on December 10, 2024, will begin trading on an adjusted basis giving effect to the reverse stock split on January 15, 2025 under the existing ticker symbol "SMX". The new CUSIP number of the Company's ordinary shares will be G8267K 158 and the new ISIN code will be IE000WZ90ZV5.

In accordance with the proposal approved by the Company's shareholders and the Board of Directors' subsequent determination to fix the split ratio at 28.5:1, every twenty-eight and one-half (28.5) ordinary shares of the Company will be automatically combined into one (1) ordinary share. This will reduce the number of outstanding ordinary shares of the Company from approximately 33 million to approximately 1 million.

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