SMX Announces Reverse Stock Split Ratio of 4.88:1
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2026
0mins
SMX announced that the reverse stock split of the Company's ordinary shares will begin trading on an adjusted basis giving effect to the reverse stock split on February 17, 2026 under the existing ticker symbol "SMX". The new CUSIP number of the Company's ordinary shares will be G8267K406 and the new ISIN code will be IE000B5COQZ5. On May 2, 2025, the Company's Shareholders approved a proposal to amend the Company's constitution to allow the Company's Board of Director's to consolidate and/or divide all or any of the Company's classes of shares as the Board of Directors sees fit. As such, Shareholder approval was not required to effect the reverse stock split. The Company's Board of Directors' fixed the split ratio at 4.8828125:1, every 4.8828125 ordinary shares of the Company with a nominal value of $0.00000000002502543568 per share will be automatically combined into one (1) ordinary share with a nominal value of $0.00000000012219451015625 per share. This will reduce the number of outstanding ordinary shares of the Company from approximately 10 million to approximately 2 million.
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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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- Technological Innovation for Certification: SMX embeds molecular markers into materials, providing plastics with a persistent identity that ensures traceability of recycled materials' origin, composition, and certification, thereby enhancing market trust in recycled content.
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- Split Ratio Determined: The company's board fixed the reverse split ratio at 2.285-to-1, which is expected to reduce the outstanding ordinary shares from approximately 1.5 million to about 650,000, thereby enhancing per-share value and improving market perception.
- Derivative Securities Adjustment: SMX stated that all outstanding options, warrants, and other convertible securities will be adjusted proportionately according to their terms, ensuring that all investors' rights are protected and mitigating potential losses due to the split.
- No Action Required by Shareholders: The company added that shareholders holding shares through brokers or in book-entry form will not need to take any action, a convenience measure aimed at reducing the operational burden on shareholders and ensuring a smooth transition.
See More
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- Real-Time Authentication Capability: The platform enables brands and supply chain partners to confirm product authenticity in real time, significantly reducing the risk of fraud and misrepresentation, thus meeting consumers' heightened demands for sourcing and authenticity.
- Sustainability and Compliance: SMX's system allows materials to carry records of their origin, movement, and transformation, helping companies meet compliance requirements in an increasingly stringent regulatory environment while enhancing transparency and accountability.
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- Sustainability Meets Affordability: SMX's technology positions recycled plastic not just as an eco-friendly alternative but as a resource with tangible financial value, enabling brands to achieve stronger margins without raising prices, thereby enhancing consumer purchasing experiences.
- Trust and Transparency: By providing a persistent identity for plastics, SMX addresses the trust issues surrounding recycled materials, allowing manufacturers to verify the source, processing, and recycled content of materials, thus boosting market confidence in recycled inputs.
- Inflation Pressure Management: SMX's solutions offer brands a cost-control tool that helps maintain price stability in the face of inflation, aligning with consumer expectations for everyday products to remain affordable despite rising costs of virgin plastics.
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- Market Demand: As the demand for proof of origin and authenticity increases, SMX's technology provides stakeholders with stronger verification capabilities, meeting the urgent needs of governments, manufacturers, and consumers for responsible sourcing.
- Sustainability Support: The technology's high-temperature durability ensures that silver retains its identity during reprocessing and recycling, aiding in stronger sustainability reporting and anti-fraud protections, thus promoting the development of a circular economy.
- Strategic Transformation: SMX aims to shift transparency from a disclosure-based system to a proof-based system, enhancing the credibility and market value of silver as an asset by embedding verification within the material itself.
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