Security Matters to Implement 4.8828125:1 Reverse Split on February 17, 2026
Security Matters will effect a 4.8828125:1 reverse stock split beginning February 17, 2026, consolidating approximately 10 million ordinary shares into about 2 million shares. New CUSIP G8267K406 and ISIN IE000B5COQZ5 will apply, and outstanding options, warrants and convertible securities will be proportionately adjusted with fractional shares cashed out.
1. Effective Date and Split Ratio
The reverse stock split will become effective on February 17, 2026 under the existing ticker, with every 4.8828125 ordinary shares combined into one new share. This consolidates the share count from roughly 10 million to approximately 2 million outstanding shares.
2. New CUSIP and ISIN Codes
Following the split, ordinary shares will trade under CUSIP G8267K406 and ISIN IE000B5COQZ5. The existing warrants trading under SMXWW retain their current CUSIP and will be adjusted proportionately.
3. Adjustment of Derivatives and Fractional Shares
All outstanding options, warrants and other convertibles will be adjusted on the same 4.8828125:1 basis. Fractional share entitlements will be aggregated and sold at market prices, with net proceeds distributed to entitled holders.
4. Shareholder Procedures and Exchange Agent
Continental Stock Transfer & Trust Company will serve as exchange agent and provide certificate exchange instructions to record holders. Beneficial holders through brokers need take no action; their accounts will reflect the split on or after February 18, 2026.