SMX Plans 20:1 Reverse Stock Split Reducing Outstanding Shares to 614,000
SMX•On May 11, 2026, SMX will implement a 20-for-1 reverse stock split, consolidating roughly 12 million ordinary shares into approximately 614,000 shares and assigning a new CUSIP (G8267K190) and ISIN (IE0008D7EWV5). All outstanding options, warrants and convertible securities will be adjusted proportionately, and fractional shares will be aggregated and sold.
1. Reverse Split Execution
SMX’s Board of Directors approved a 20-for-1 reverse stock split effective May 11, 2026. Every 20 ordinary shares, each with a nominal value of $0.00000000012219451015625, will be consolidated into one share with a nominal value of $0.000000002443890203125.
2. Adjustments to Securities
The reverse split will reduce the total number of outstanding ordinary shares from approximately 12 million to about 614,000. Outstanding options, warrants (including those trading under SMXWW) and other convertible securities will be proportionately adjusted under their existing terms.
3. Fractional Share Treatment and Timeline
No fractional shares will be issued; instead, aggregated fractional entitlements will be sold on the market with net proceeds distributed to shareholders. Holders of record will see the adjusted share count and new CUSIP/ISIN reflected in their accounts on or after May 12, 2026 without any action required.
