Business Context and Reporting Period
This Form 6-K filing by SMX (Security Matters) Public Limited Company covers the month of October 2025. The report announces the effective date of a reverse stock split and the commencement of trading on the Nasdaq Capital Market under the symbol "SMX" on a post-split basis.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate actions regarding share structure.
Material Changes
- Reverse Stock Split: The Company executed a reverse stock split with a ratio of 10.89958:1. Every 10.89958 ordinary shares were consolidated into one ordinary share.
- Share Count Reduction: The number of outstanding shares was reduced from approximately 15.5 million to approximately 1 million.
- Trading Resumption: Trading on the Nasdaq Capital Market resumed on October 23, 2025, under the new CUSIP number G8267K182 and ISIN code IE000UPDVNX9.
- Fractional Shares: No fractional shares were issued. Instead, fractional entitlements were aggregated and sold at prevailing market prices.
- Adjustments: All outstanding options, warrants, and convertible securities were proportionately adjusted.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management commentary on future performance, or specific risk factors beyond the mechanics of the stock split. The Company amended its Constitution to reflect the adjusted par value, which was previously approved by shareholders on May 2, 2025.
Investor Verification Checklist
- Verify the new CUSIP (G8267K182) and ISIN (IE000UPDVNX9) for trading purposes.
- Confirm the adjusted number of shares held post-split based on the 10.89958:1 ratio.
- Check the status of any outstanding warrants (symbol SMXWW) to ensure they were proportionately adjusted.
- Review the Amended Constitution (Exhibit 1.1) for updated par value details.