SMX Approves Share Consolidation Proposal with Flexibility to Abandon

SMX Public Limited Company ( (SMX) ) just unveiled an announcement.

SMX Public Limited Company held an Extraordinary General Meeting where shareholders approved a proposal to consolidate the company’s ordinary shares. Although the consolidation was authorized, the company has not yet decided whether to proceed with it and retains the right to abandon the process. If implemented, the consolidation will adjust the nominal value of shares and require new ISIN and CUSIP numbers before trading can commence.

More about SMX Public Limited Company

SMX Public Limited Company operates in the securities industry and focuses on security matters. The company is involved in managing and consolidating its ordinary shares, which is a relevant activity for its market focus.

YTD Price Performance: -99.26%

Average Trading Volume: 23,271,684

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $3.4M

For detailed information about SMX stock, go to TipRanks’ Stock Analysis page.