O May 2, 2025, the Compa y’s sha eholde s app oved a p oposal to ame d the Compa y’s co stitutio to allow the Compa y’s Boa d of Di ecto s to co solidate a d/o divide all o a y of the Compa y’s classes of sha es as the Boa d of Di ecto s sees fit. As such, sha eholde app oval was ot equi ed to effect the eve se stock split.
The Compa y’s Boa d of Di ecto s fixed the split atio at 2.8:1, eve y 2.8 o di a y sha es of the Compa y with a omi al value $0.00000000558603475 pe sha e will be automatically combi ed i to o e (1) o di a y sha e with a omi al value of $0.0000000156408973 pe sha e. This will educe the umbe of outsta di g o di a y sha es of the Compa y f om app oximately 2.5 millio to 897,717.
Outsta di g Compa y optio s, wa a ts a d othe applicable co ve tible secu ities, i cludi g the Compa y’s wa a ts listed o the Nasdaq Capital Ma ket u de the symbol SMXWW which will etai its existi g CUSIP umbe , will be p opo tio ately adjusted i acco da ce with thei espective te ms. No f actio al sha es will be issued i co ectio with the eve se stock split. I stead, the Compa y will agg egate the f actio al e titleme ts of sha eholde s who othe wise would be e titled to eceive f actio al sha es because they hold a umbe of o di a y sha es ot eve ly divisible by 3 o di a y sha es pu sua t to the eve se stock split o they hold less tha the umbe of o di a y sha es which should be co solidated i to o e o di a y sha e pu sua t to the eve se stock split a d, to the exte t possible, sell such agg egated f actio al o di a y sha es o the basis of p evaili g ma ket p ices at such time.
Co ti e tal Stock T a sfe & T ust Compa y is acti g as excha ge age t fo the eve se stock split a d will se d i st uctio s to a y sha eholde s of eco d who hold stock ce tificates ega di g the excha ge of ce tificates. Sha eholde s with sha es held i book-e t y fo m o th ough a ba k, b oke , o othe omi ee a e ot equi ed to take a y actio a d will see the impact of the eve se stock split eflected i thei accou ts o o afte Novembe 10, 2026. Such be eficial holde s may co tact thei ba k, b oke , o omi ee fo mo e i fo matio . Co ti e tal Stock T a sfe may be eached fo questio s at (212) 509-4000.
As global busi esses face ew a d complex challe ges elati g to ca bo eut ality a d meeti g ew gove me tal a d egio al egulatio s a d sta da ds, SMX is able to offe playe s alo g the value chai access to its ma ki g, t acki g, measu i g a d digital platfo m tech ology to t a sitio mo e successfully to a low-ca bo eco omy.
The i fo matio i this p ess elease i cludes “fo wa d-looki g stateme ts” withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995. Fo wa d-looki g stateme ts i clude, but a e ot limited to, stateme ts ega di g expectatio s, hopes, beliefs, i te tio s, o st ategies ega di g the futu e. I additio , a y stateme ts that efe to p ojectio s, fo ecasts o othe cha acte izatio s of futu e eve ts o ci cumsta ces, i cludi g a y u de lyi g assumptio s, a e fo wa d-looki g stateme ts. The wo ds “a ticipate,” “believe,” “co template,” “co ti ue,” “could,” “estimate,” “expect,” “fo ecast,” “i te ds,” “may,” “will,” “might,” “pla ,” “possible,” “pote tial,” “p edict,” “p oject,” “should,” “would” a d simila exp essio s may ide tify fo wa d-looki g stateme ts, but the abse ce of these wo ds does ot mea that a stateme t is ot fo wa d-looki g. Fo wa d-looki g stateme ts i this p ess elease may i clude, fo example, the Compa y’s ability to comply with the co ti ued listi g sta da ds of Nasdaq. These fo wa d-looki g stateme ts a e based o i fo matio available as of the date of this p ess elease a d cu e t expectatio s, fo ecasts a d assumptio s, a d i volve a umbe of judgme ts, isks a d u ce tai ties. Acco di gly, fo wa d-looki g stateme ts should ot be elied upo as ep ese ti g views as of a y subseque t date, a d o obligatio is u de take to update fo wa d-looki g stateme ts to eflect eve ts o ci cumsta ces afte the date they we e made, whethe as a esult of ew i fo matio , futu e eve ts o othe wise, except as may be equi ed u de applicable secu ities laws. As a esult of a umbe of k ow a d u k ow isks a d u ce tai ties, actual esults o pe fo ma ce may be mate ially diffe e t f om those exp essed o implied by these fo wa d-looki g stateme ts. Some facto s that could cause actual esults to diffe i clude: the ability to mai tai the listi g of the Compa y’s sha es o Nasdaq; cha ges i applicable laws o egulatio s; a y li ge i g effects of the COVID-19 pa demic o SMX’s busi ess; the ability to impleme t busi ess pla s, fo ecasts, a d othe expectatio s, a d ide tify a d ealize additio al oppo tu ities; the isk of dow tu s a d the possibility of apid cha ge i the highly competitive i dust y i which SMX ope ates; the isk that SMX a d its cu e t a d futu e collabo ato s a e u able to successfully develop a d comme cialize SMX’s p oducts o se vices, o expe ie ce sig ifica t delays i doi g so; the isk that the Compa y may eve achieve o sustai p ofitability; the isk that the Compa y will eed to aise additio al capital to execute its busi ess pla , which may ot be available o acceptable te ms o at all; the isk that the Compa y expe ie ces difficulties i ma agi g its g owth a d expa di g ope atio s; the isk that thi d-pa ty supplie s a d ma ufactu e s a e ot able to fully a d timely meet thei obligatio s; the isk that SMX is u able to secu e o p otect its i tellectual p ope ty; the possibility that SMX may be adve sely affected by othe eco omic, busi ess, a d/o competitive facto s; a d othe isks a d u ce tai ties desc ibed i SMX’s fili gs f om time to time with the Secu ities a d Excha ge Commissio .
View the o igi al p ess elease o ACCESS Newswi e
