Security Matters to Implement 2.285-for-1 Reverse Split on June 1
SMX•Security Matters will effect a 2.285-for-1 reverse stock split on June 1, 2026, consolidating approximately 1.5 million outstanding shares into about 650,000. Existing options, warrants and convertible securities will be adjusted proportionally and holders will see updated CUSIP G8267K216 and ISIN IE000CNLGHH1 following the split.
1. Reverse Split Details
The board of Security Matters approved a 2.285-for-1 reverse stock split effective June 1, 2026 under the existing trading symbol. Every 2.285 ordinary shares will automatically combine into one share, with no shareholder approval required due to prior constitutional amendments.
2. Share Count and Identification Changes
The consolidation will reduce outstanding ordinary shares from roughly 1.5 million to about 650,000. Post-split, the ordinary shares will carry new identifiers: CUSIP G8267K216 and ISIN IE000CNLGHH1.
3. Adjustment of Options and Convertible Securities
All outstanding options, warrants and convertible instruments, including those under the symbol SMXWW, will be proportionately adjusted in line with the split ratio. Fractional shares resulting from the split will be aggregated and sold, with net proceeds distributed to shareholders.
4. Shareholder Procedures and Impact
Holders of certificated shares will receive exchange instructions from Continental Stock Transfer & Trust Company, while book-entry and nominee-held shares will reflect the adjusted share count automatically in brokerage accounts on or after June 2, 2026.
