SMX Increases Share Pool in Incentive Plan
Ticker: SMXWW · Form: 6-K · Filed: Mar 5, 2025 · CIK: 1940674
| Field | Detail |
|---|---|
| Company | Smx (Security Matters) Public Ltd Co (SMXWW) |
| Form Type | 6-K |
| Filed Date | Mar 5, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-plan, share-increase, amendment
TL;DR
SMX just massively boosted its employee stock plan shares from 111k to 2.4M. Big equity refresh incoming?
AI Summary
SMX (Security Matters) Public Ltd Co announced on March 5, 2025, that it has amended its 2022 Incentive Equity Plan. The amendment increases the number of authorized Ordinary Shares available under the plan from 111,668 to 2,396,668.
Why It Matters
This action could signal the company's intent to grant more equity compensation, potentially to attract or retain talent, or to fund future growth initiatives.
Risk Assessment
Risk Level: low — This is a routine administrative update to an existing equity incentive plan.
Key Numbers
- 2,396,668 — Authorized Shares (New total under Incentive Plan)
- 111,668 — Authorized Shares (Previous total under Incentive Plan)
Key Players & Entities
- SMX (Security Matters) Public Ltd Co (company) — Registrant
- 2022 Incentive Equity Plan (plan) — Amended plan
- 2,396,668 (dollar_amount) — New authorized shares
- 111,668 (dollar_amount) — Previous authorized shares
- March 5, 2025 (date) — Filing date
FAQ
What is the primary purpose of amending the 2022 Incentive Equity Plan?
The primary purpose is to increase the number of authorized Ordinary Shares available under the plan.
What was the previous number of authorized Ordinary Shares under the Incentive Plan?
The previous number was 111,668 Ordinary Shares.
What is the new total number of authorized Ordinary Shares under the Incentive Plan?
The new total is 2,396,668 Ordinary Shares.
When was this amendment to the Incentive Plan filed?
The amendment was filed on March 5, 2025.
What is the company's exact name as per the filing?
The company's exact name is SMX (Security Matters) Public Limited Company.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 5, 2025 regarding SMX (Security Matters) Public Ltd Co (SMXWW).