SMX (Security Matters) Surges: The Reasons Behind Its 1,000% Increase This Month

Written by Emily J. Thompson, Senior Investment Analyst

BCO.N-1.56%

SMX.O+141.07%

Source: Benzinga

Updated: 1 hour ago

0mins

Source: Benzinga

Stock Performance: SMX (Security Matters) shares surged 17.73% in after-hours trading to $166, marking a significant gain of 1,098.98% over the past month, with a market capitalization of $148.13 million.
Annual General Meeting Results: At the annual general meeting in Dublin, shareholders approved all 16 proposals, including the re-election of directors Haggai Alon and Ophir Sternberg, and the re-appointment of BDO Israel as statutory auditor.
Constitutional Changes: Shareholders approved multiple amendments allowing directors to allot and subdivide shares, adjust nominal values, and set a two-member quorum for general meetings, with authority to allot shares until November 21, 2030.
Recent Developments: The company showcased its molecular identity technology at the DMCC Precious Metals Conference in Dubai and announced a strategic partnership with CARTIF in Europe, with Brink verifying the technology's persistence through melting and recasting processes.

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Intellectia

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About BCO

The Brink's Company is a global provider of cash and valuables management, digital retail solutions, and automated teller machine (ATM) managed services. Its segments include North America, Latin America, Europe, and Rest of World. Its cash and valuables management services include Cash-in-transit services, Basic ATM services, Brink's Global Services, Cash management services, Vaulting services, and other services. Its Digital Retail Solutions includes services that facilitate faster access to cash deposits leveraging its tech-enabled sales and software platforms and enable enhanced customer analytics and visibility. Its ATM Managed Services provides an economical solution for financial institutions, retailers, and independent ATM owners to outsource day-to-day operation of ATMs. Its customers include financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations around the world. Its global network serves customers in more than 100 countries.

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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.