SMX DL 0,0000000000003128

SMX expanded its 2022 Incentive Equity Plan and increased authorized common shares from about 2,442,092 to 4,754,592. The company relied on NASDAQ Rule 5615(a)(3) to make the change without shareholder approval and then granted 2,300,000 Restricted Stock Units (RSUs) to selected executives, directors and service providers. The RSUs are subject to a lock-up that ends no earlier than January 31, 2027; the award was made at a price of roughly $27.16, near the 52-week high. SMX reports 7,297,433 issued common shares and a market capitalization of about $13.33 million. » More on de.investing.com

SMX said in an SEC filing that it may, in the future, strategically carry out one or more share consolidations under Irish law without further shareholder approval. The timing and ratio would depend on market conditions, the price of the common stock and Nasdaq Capital Market requirements, and implementation is not guaranteed. The company warned that previous consolidations have strained liquidity and the market price and increased the number of shareholders holding odd lots, and that such measures could result in a deficiency notice or delisting. » More on de.investing.com

SMX announces sweeping personnel changes: chairman Ophir Sternberg and directors Roger Meltzer and Thomas Hawkins have resigned. The supervisory board appointed independent directors Tan Cheong Hwai, Daniel Peterlin and Richard G. Hayes as successors, and founder and CEO Haggai Alon was named board chairman. At the same time, SMX adopted a compensation plan that provides independent non‑executive directors with an annual cash fee of USD 150,000 (an additional USD 100,000 if the chair is independent), retroactive to January 1, 2025, plus potential equity‑based compensation. Severance and protection agreements were made with the departing directors, including proxy arrangements in favor of Alon and continued D&O coverage. » More on de.investing.com