SMX (Security Matters) Public Ltd Co current report, Q1 FY2024

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SMX (Security Matters) Public Limited Company — Form 6-K Summary

Business Context and Reporting Period

This Form 6-K, dated January 4, 2024, covers the month of January 2024 and reports a Nasdaq listing-status update. SMX is an Irish foreign private issuer filing annual reports on Form 20-F.

Material Corporate and Listing Update

  • On January 3, 2024, Nasdaq approved the Company’s application to transfer its ordinary shares from the Nasdaq Global Market to the Nasdaq Capital Market.
  • The transfer was scheduled to take effect at the opening of business on January 8, 2024.
  • The shares will continue trading under the symbol “SMX,” and the Company stated that trading would be unaffected.
  • The Company stated that the Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market.
  • Previously disclosed Nasdaq Global Market non-compliance notices were deemed resolved as a result of the transfer.

Financial Metrics and Outlook

This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, or other operating or financial metrics. It also does not report a material change versus a prior comparable financial period.

Risks, Contingencies, and Unusual Items

The principal disclosed matter is the Company’s transfer to a lower Nasdaq market tier following prior non-compliance notices. Although the Company stated that trading would be unaffected and the notices were resolved, continued compliance with Nasdaq Capital Market listing requirements remains relevant. The filing does not provide additional risk factors or contingencies.

Key Facts for Investors to Verify

  • Confirm that the transfer to the Nasdaq Capital Market became effective on January 8, 2024.
  • Verify that the ordinary shares continued trading under the “SMX” symbol without interruption.
  • Review subsequent filings for ongoing Nasdaq Capital Market compliance and any new deficiency notices.
  • Consult the Company’s financial reports for financial performance, liquidity, capital structure, and operating outlook, as these items are not covered in this filing.