SMX seeks approval to sell 22.59 million ordinary shares on behalf of shareholders.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 15 2025
0mins
Should l Buy SMX?
Source: SeekingAlpha
Share Offering: SMX (Security Matters) Public Limited Company has filed to sell 22.59 million ordinary shares for its holders.
Company Information: Additional financial information regarding SMX is available, indicating ongoing activities and potential market movements.
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Analyst Views on SMX
About SMX
SMX (Security Matters) Public Limited Company (SMX) is a business-to-business (B2B) white label technology company. The Company focuses on pioneering its technology in marking, tracking, measuring, and digital platform integration. Its solutions are designed to support businesses in their transition to a low-carbon economy, offering end-to-end traceability and assurance across various sectors. Its technology works as a track-and-trace system using a marker, a reader, and an algorithm to identify embedded sub-molecular particles to track and trace different components along a production process (or any other marked along a supply chain) to the end producer. The Company provides a solution comprising a physical or chemical marker system coupled with a reader and connected to a blockchain digital platform. The Company’s solution offers applications across industries, such as process tracing, authentication, sustainability, and circular economics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Material Movement: The initial phase will involve transporting materials from Western Australia to the United States.
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Pilot Initiative: The partnership aims to launch a pilot initiative focused on improving the transparency and security of the supply chain for critical minerals.
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- Strong Financing Position: SMX commenced 2026 fully financed through Q1 2027, allowing the company to focus on platform expansion and execution, thereby enhancing its competitive edge in the market with its Plastic Cycle Token as a verifiable foundation.
- Advancement in Technology: The company is investing in scaling molecular marking and material verification technologies to enhance digital platform transparency and compliance, addressing the growing demand for traceability and transparency across industries, which is crucial for sustainable development.
- Successful International Expansion: Throughout 2025, SMX validated its technology across multiple industries and regions, with pilot programs confirming that molecular-level identity remains accurate even after industrial processing, enabling companies to track materials without disrupting operations and enhancing customer trust.
- Clear Strategic Goals: SMX aims to provide a unified verification layer for regulators, enterprises, and sustainability-driven markets, and as sustainability shifts from ambition to accountability, the demand for trusted material data is set to accelerate, positioning SMX at the forefront of this transition.
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- Reverse Split Impact: SMX's announcement of a 1-for-4.88 reverse stock split will reduce outstanding shares from approximately 10 million to around 2 million, aiming to boost share price, yet shares fell over 17% post-announcement.
- Capital Runway Extension: The company amended its equity line of credit agreement, increasing the credit limit from $116 million to $250 million, successfully extending its capital runway into 2028 and adding roughly 22 months of funding support.
- Significant Price Volatility: Since late November, SMX's stock has experienced dramatic swings, peaking at $490 in December and currently trading near $13, reflecting market interest in its patented molecular-marking technology.
- Investor Sentiment Optimistic: Despite the sharp decline in stock price, retail sentiment on Stocktwits remains 'extremely bullish,' with many users anticipating a price increase ahead of the reverse split effective date, indicating confidence in the company's future.
See More
SMX Announces Reverse Stock Split Plan
- Reverse Stock Split: SMX announced a reverse stock split effective February 17, 2026, at a ratio of 4.8828125:1, reducing the number of outstanding shares from approximately 10 million to about 2 million, which may enhance earnings per share performance by increasing nominal value.
- New Security Identifiers: Following the split, the new CUSIP number for the ordinary shares will be G8267K406, and the new ISIN code will be IE000B5COQZ5, ensuring investors can accurately identify and trade the adjusted stock, thereby enhancing market transparency.
- Convertible Securities Adjustment: The company stated that all outstanding options, warrants, and other convertible securities will be proportionately adjusted according to their respective terms, ensuring that existing investors' rights are not adversely affected by the split, thus maintaining investor confidence.
- Market Reaction: Following the announcement, SMX's stock price fell by 14.82% to $14.25, reflecting market concerns regarding the reverse split, which could impact the company's future financing capabilities and investor trust.
See More
SMX Extends Capital Framework to 2028 Amid Stock Pullback
- Capital Framework Extension: SMX recently amended its equity line of credit, increasing committed capital to $250 million and extending its funding runway to 2028, a move aimed at alleviating refinancing risks and allowing management to focus on operations rather than capital pressures.
- Market Reaction: Despite SMX's stock price doubling last Friday, it fell 22.36% to $12.29 on Monday as investors locked in profits while monitoring whether the extended capital runway will lead to sustained revenue growth and long-term contracts.
- Technical Analysis: The current Relative Strength Index (RSI) stands at 43.97, indicating a neutral state where the stock is neither overbought nor oversold, while the Moving Average Convergence Divergence (MACD) is above its signal line, suggesting some bullish momentum despite the price decline.
- Business Context: SMX focuses on developing marking, tracking, and digital verification technologies that enable clients to authenticate physical materials and monitor them through global supply chains, supporting compliance with tightening environmental and regulatory standards and facilitating a transition to a lower-carbon economy.
See More
M2I GLOBAL - INITIATES PHASED PILOT SHIPMENT PROGRAM STARTING WITH CONTROLLED MATERIALS TRANSFERS FROM WESTERN AUSTRALIA TO THE UNITED STATES
Global Plans: A phased pilot shipment program is set to begin, focusing on the movement of controlled materials.
Material Movement: The initial phase will involve transporting materials from Western Australia to the United States.
See More
M2I Global Partners with Volato Group and SMX to Launch Pilot Initiative for Secure Tracking and Traceable Commerce of Critical Minerals via CAINO and the M2I Metals Marketplace
Collaboration Announcement: M Global, Volato Group, and SMX have entered into a collaboration agreement to enhance secure tracking and traceability of critical minerals commerce.
Pilot Initiative: The partnership aims to launch a pilot initiative focused on improving the transparency and security of the supply chain for critical minerals.
See More
SMX Fully Financed Through Q1 2027 for Platform Expansion
- Strong Financing Position: SMX commenced 2026 fully financed through Q1 2027, allowing the company to focus on platform expansion and execution, thereby enhancing its competitive edge in the market with its Plastic Cycle Token as a verifiable foundation.
- Advancement in Technology: The company is investing in scaling molecular marking and material verification technologies to enhance digital platform transparency and compliance, addressing the growing demand for traceability and transparency across industries, which is crucial for sustainable development.
- Successful International Expansion: Throughout 2025, SMX validated its technology across multiple industries and regions, with pilot programs confirming that molecular-level identity remains accurate even after industrial processing, enabling companies to track materials without disrupting operations and enhancing customer trust.
- Clear Strategic Goals: SMX aims to provide a unified verification layer for regulators, enterprises, and sustainability-driven markets, and as sustainability shifts from ambition to accountability, the demand for trusted material data is set to accelerate, positioning SMX at the forefront of this transition.
See More
SMX Announces 1-for-4.88 Reverse Stock Split
- Reverse Split Impact: SMX's announcement of a 1-for-4.88 reverse stock split will reduce outstanding shares from approximately 10 million to around 2 million, aiming to boost share price, yet shares fell over 17% post-announcement.
- Capital Runway Extension: The company amended its equity line of credit agreement, increasing the credit limit from $116 million to $250 million, successfully extending its capital runway into 2028 and adding roughly 22 months of funding support.
- Significant Price Volatility: Since late November, SMX's stock has experienced dramatic swings, peaking at $490 in December and currently trading near $13, reflecting market interest in its patented molecular-marking technology.
- Investor Sentiment Optimistic: Despite the sharp decline in stock price, retail sentiment on Stocktwits remains 'extremely bullish,' with many users anticipating a price increase ahead of the reverse split effective date, indicating confidence in the company's future.
See More
SMX Announces Reverse Stock Split Plan
- Reverse Stock Split: SMX announced a reverse stock split effective February 17, 2026, at a ratio of 4.8828125:1, reducing the number of outstanding shares from approximately 10 million to about 2 million, which may enhance earnings per share performance by increasing nominal value.
- New Security Identifiers: Following the split, the new CUSIP number for the ordinary shares will be G8267K406, and the new ISIN code will be IE000B5COQZ5, ensuring investors can accurately identify and trade the adjusted stock, thereby enhancing market transparency.
- Convertible Securities Adjustment: The company stated that all outstanding options, warrants, and other convertible securities will be proportionately adjusted according to their respective terms, ensuring that existing investors' rights are not adversely affected by the split, thus maintaining investor confidence.
- Market Reaction: Following the announcement, SMX's stock price fell by 14.82% to $14.25, reflecting market concerns regarding the reverse split, which could impact the company's future financing capabilities and investor trust.
See More
SMX Extends Capital Framework to 2028 Amid Stock Pullback
- Capital Framework Extension: SMX recently amended its equity line of credit, increasing committed capital to $250 million and extending its funding runway to 2028, a move aimed at alleviating refinancing risks and allowing management to focus on operations rather than capital pressures.
- Market Reaction: Despite SMX's stock price doubling last Friday, it fell 22.36% to $12.29 on Monday as investors locked in profits while monitoring whether the extended capital runway will lead to sustained revenue growth and long-term contracts.
- Technical Analysis: The current Relative Strength Index (RSI) stands at 43.97, indicating a neutral state where the stock is neither overbought nor oversold, while the Moving Average Convergence Divergence (MACD) is above its signal line, suggesting some bullish momentum despite the price decline.
- Business Context: SMX focuses on developing marking, tracking, and digital verification technologies that enable clients to authenticate physical materials and monitor them through global supply chains, supporting compliance with tightening environmental and regulatory standards and facilitating a transition to a lower-carbon economy.
See More
