SMX Public Limited Company (SMX) has released an update.
SMX Public Limited Company’s shareholders have overwhelmingly approved a stock consolidation proposal, aiming for a targeted post-consolidation share price of up to $10.00. The exact consolidation ratio is yet to be determined by the Board of Directors, and further details will be announced once finalized, including the assignment of new ISIN and CUSIP numbers. This strategic move intends to adjust the company’s share structure and is in accordance with Ireland law, following the shareholders’ vote at the Extraordinary General Meeting.
For further insights into SMX stock, check out TipRanks’ Stock Analysis page.
