SMX Shares to Trade on Nasdaq Post-Reverse Split July 15
Ticker: SMXWW · Form: 6-K · Filed: Jul 11, 2024 · CIK: 1940674
| Field | Detail |
|---|---|
| Company | Smx (Security Matters) Public Ltd Co (SMXWW) |
| Form Type | 6-K |
| Filed Date | Jul 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00, $0.0022, $0.165 |
| Sentiment | neutral |
Sentiment: neutral
Topics: reverse-stock-split, listing, name-change
Related Tickers: SMX
TL;DR
SMX trading on Nasdaq July 15 post-reverse split, ticker symbol unchanged.
AI Summary
SMX (Security Matters) Public Limited Company announced that its ordinary shares will commence trading on the Nasdaq Capital Market on July 15, 2024, on a post-reverse stock split basis. The company previously traded under the symbol 'SMX' and was formerly known as Empatan Public Ltd Co, with a name change effective August 1, 2022.
Why It Matters
This move signifies a potential restructuring or compliance step for SMX to meet Nasdaq listing requirements, which could impact investor perception and trading liquidity.
Risk Assessment
Risk Level: medium — Reverse stock splits can sometimes indicate underlying financial difficulties or a strategy to boost share price, which carries inherent risks for investors.
Key Players & Entities
- SMX (Security Matters) Public Limited Company (company) — Registrant
- Nasdaq Capital Market (company) — Stock Exchange
- July 15, 2024 (date) — Trading Commencement Date
- Empatan Public Ltd Co (company) — Former Company Name
- August 1, 2022 (date) — Date of Name Change
FAQ
What is the new trading symbol for SMX on the Nasdaq Capital Market?
The filing states that the ordinary shares will begin trading on the Nasdaq Capital Market on a post-reverse stock split basis under the current symbol, implying no change to the symbol 'SMX'.
When will SMX's ordinary shares begin trading on the Nasdaq Capital Market on a post-reverse stock split basis?
The ordinary shares will begin trading on the Nasdaq Capital Market on a post-reverse stock split basis upon the opening of business on July 15, 2024.
What was SMX's former company name?
SMX (Security Matters) Public Limited Company was formerly known as Empatan Public Ltd Co.
When did the company change its name from Empatan Public Ltd Co to SMX (Security Matters) Public Limited Company?
The date of the name change was August 1, 2022.
What type of filing is this for the SEC?
This is a Form 6-K, Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 Under the Securities Exchange Act of 1934.
Filing Stats: 674 words · 3 min read · ~2 pages · Grade level 14 · Accepted 2024-07-11 10:26:44
Key Financial Figures
- $1.00 — compliance with a minimum bid price of $1.00 per share for continued listing on Nasd
- $0.0022 — ordinary shares will be increased from $0.0022 to $0.165. After the Reverse Stock Sp
- $0.165 — hares will be increased from $0.0022 to $0.165. After the Reverse Stock Split, all o
Filing Documents
- form6-k.htm (6-K) — 22KB
- ex1-1.htm (EX-1.1) — 800KB
- ex99-1.htm (EX-99.1) — 15KB
- 0001493152-24-026901.txt ( ) — 838KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: July 11, 2024 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY By: /s/ Haggai Alon Name: Haggai Alon Title: Chief Executive Officer