SMX (Security Matters) Public Ltd Co has announced a reverse stock split that will take effect on November 9, 2026. This strategic move will consolidate the company's shares at a ratio of 2.8:1, reducing the total number of outstanding shares from approximately 2.5 million to 897,717. The decision aims to enhance the company's market presence and comply with Nasdaq listing requirements.

The reverse stock split is part of a broader trend observed in the Misc Industrial & Commercial Machinery & Equipment sector, where companies are adjusting their share structures to improve trading conditions. By consolidating shares, SMX aims to increase its stock price and attract more institutional investors.

According to the filing, "Upon the opening of business on November 9, 2026, SMX's ordinary shares will begin trading on the Nasdaq Capital Market on a post-reverse stock split basis under the current symbol 'SMX'." The new CUSIP number for the shares will be G8267K505, and the new ISIN code will be IE000YMEYEO8.

Shareholders had previously approved a proposal on May 2, 2025, allowing the company's Board of Directors to consolidate shares without requiring further shareholder approval. This flexibility has enabled SMX to implement the reverse stock split efficiently.

The reverse stock split will affect all outstanding ordinary shares, and no fractional shares will be issued. Instead, the company will aggregate fractional entitlements and sell them based on prevailing market prices. Additionally, all outstanding options, warrants, and convertible securities will be proportionately adjusted in accordance with their terms.

In connection with this corporate action, SMX has amended its Public Limited Company Constitution to reflect the adjustments in share value. The amended constitution is included as an exhibit in the filing.

Moving forward, the company is expected to continue its efforts to enhance shareholder value and market presence following the split. The filing did not specify any additional upcoming actions or filings related to this event.