SMX Announces Effective Date of Reverse Stock Split

NEW YORK CITY, NY / ACCESS Newswire / June 12, 2025 / SMX (Security Matters) Public Limited Company (NASDAQ:SMX; SMXWW) (the "Company"), today announced that the reverse stock split of the Company's ordinary shares, which was previously approved by the Company's shareholders on April 15, 2025, will begin trading on an adjusted basis giving effect to the reverse stock split on June 16, 2025 under the existing ticker symbol "SMX". The new CUSIP number of the Company's ordinary shares will be G8267K 166 and the new ISIN code will be IE000B8AU702.

In accordance with the proposal approved by the Company's shareholders and the Board of Directors' subsequent determination to fix the split ratio at 4.1:1, every 4.1 ordinary shares of the Company will be automatically combined into one (1) ordinary share. This will reduce the number of outstanding ordinary shares of the Company from approximately 4 million to approximately 1 million.

Outstanding Company options, warrants and other applicable convertible securities, including the Company's warrants listed on the Nasdaq Capital Market under the symbol SMXWW which will retain its existing CUSIP number, will be proportionately adjusted in accordance with their respective terms. No fractional shares will be issued in connection with the reverse stock split. Instead, the Company will aggregate the fractional entitlements of shareholders who otherwise would be entitled to receive fractional shares because they hold a number of ordinary shares not evenly divisible by 4.1ordinary shares pursuant to the reverse stock split or they hold less than the number of ordinary shares which should be consolidated into one ordinary share pursuant to the reverse stock split and, to the extent possible, sell such aggregated fractional ordinary shares on the basis of prevailing market prices at such time.

Continental Stock Transfer & Trust Company is acting as exchange agent for the reverse stock split and will send instructions to any shareholders of record who hold stock certificates regarding the exchange of certificates. Shareholders with shares held in book-entry form or through a bank, broker, or other nominee are not required to take any action and will see the impact of the reverse stock split reflected in their accounts on or after June 17, 2025. Such beneficial holders may contact their bank, broker, or nominee for more information. Continental Stock Transfer may be reached for questions at [phone].