Business Context and Reporting Period
This Form 6-K filing by SMX (Security Matters) Public Limited Company covers the month of May 2026. The report announces the effective date of a reverse stock split, with trading on the Nasdaq Capital Market under the symbol "SMX" commencing on a post-split basis on June 1, 2026.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and capital structure adjustments rather than financial performance.
Material Changes
- Reverse Stock Split: The Board of Directors implemented a 2.285:1 reverse stock split. Every 2.285 ordinary shares are consolidated into one ordinary share.
- Share Count Reduction: The number of outstanding shares is reduced from approximately 1.5 million to 650,000.
- Par Value Adjustment: The nominal value per share increased from approximately $0.00000000244 to $0.00000000559.
- Security Adjustments: All outstanding options, warrants, and convertible securities, including Nasdaq-listed warrants (SMXWW), are proportionately adjusted.
- Fractional Shares: No fractional shares are issued; fractional entitlements are aggregated and sold at prevailing market prices.
- Identification Codes: The new CUSIP number is G8267K216 and the new ISIN code is IE000CNLGHH1.
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 primary contingency noted is the handling of fractional shares through aggregation and sale.
Investor Verification Checklist
- Verify the new CUSIP (G867K216) and ISIN (IE000CNLGHH1) for trading purposes.
- Confirm the adjusted number of shares held post-split (pre-split holdings divided by 2.285).
- Review the treatment of any fractional share entitlements, which will be sold rather than issued.
- Check the adjustment terms for any held options or warrants (SMXWW).
- Monitor trading activity on the Nasdaq Capital Market starting June 1, 2026.