SMX Announces Effective Date of Reverse Stock Split
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SMX (Security Matters) announced the effective date for its reverse stock split, which will begin trading on January 15, 2025. The split was approved by shareholders and will trade under the existing ticker symbol 'SMX'.
January 13, 2025 | 11:45 am
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NEUTRAL IMPACT
SMX is implementing a reverse stock split effective January 15, 2025, which may impact its stock price as shares will trade on an adjusted basis.
The reverse stock split is a significant corporate action that can affect the stock price by changing the number of shares outstanding and the share price. However, the intrinsic value of the company remains unchanged, leading to a neutral short-term impact.
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RELEVANCE 100