Welcome to our dedicated page for SMX (Security Matters) Public Company news (Ticker: SMX), a resource for investors and traders seeking the latest updates and insights on SMX (Security Matters) Public Company stock.
SMX (Security Matters) PLC (NASDAQ: SMX; SMXWW) is a leading publicly traded company specializing in the digitization of physical objects to ensure supply chain integrity and provide quality assurance and brand accountability across various industries. Utilizing a pioneering technology that includes a marker, reader, and algorithm, SMX can embed sub-molecular particles into materials. This allows for the tracking and tracing of components throughout the production process, ensuring transparency and reliability from origin to end product.
SMX's technology is at the forefront of helping businesses transition to more sustainable practices, with a particular focus on low-carbon economies. The company offers solutions that span a wide range of sectors, including fashion, automotive, precious metals, and more. By adding unique markers to raw materials, SMX's system can verify the authenticity and traceability of products, significantly reducing issues related to counterfeiting and ensuring compliance with environmental and sustainability goals.
Recent projects highlight SMX's groundbreaking work:
- In January 2024, SMX received a delinquency notification from NASDAQ, which the company is actively addressing to regain compliance within the specified period.
- In February 2024, SMX announced its participation at the Première Vision event in Paris, emphasizing their commitment to sustainable transformation in the fashion industry by providing technology that verifies the origin and recycled content of materials.
- SMX secured a partnership with NAFRA and BSEF to implement a chemical-based 'barcode' system to track and trace plastics, aiding recycling efforts and supporting environmental sustainability.
- The completion of a project marking 21 tons of natural rubber from tree to tire, demonstrating full traceability and authenticity, showcases SMX’s capabilities in the automotive supply chain.
- SMX has also marked 2.2 tons of silver within SMI's operations, ensuring authenticity and traceability for precious metals used in minting and bullion.
SMX's technology not only supports industrial efficiency but also aligns with globally recognized ESG standards, offering a unique, non-destructive method to verify material composition and history. The company's ongoing partnerships and strategic initiatives reflect its dedication to innovation, sustainability, and market leadership.
SMX (Security Matters) plc (NASDAQ: SMX; SMXWW) announced on April 25, 2023, that it has instructed its Irish legal counsel, Arthur Cox LLP, to consider issuing a notice under regulation 23 of its articles of association. This notice will require shareholders to provide information regarding their beneficial ownership of shares beyond the disclosures mandated by Irish law for individuals owning 3% or more of the Company's shares.
The move is part of SMX's strategy as it navigates complex challenges in achieving carbon neutrality and adaptation to new regulatory standards. The Company is leveraging its technology platform to assist businesses in transitioning to a low-carbon economy. However, the press release contains forward-looking statements that highlight several risks, including regulatory changes, potential difficulties in maintaining its Nasdaq listing, and the need for additional capital to support business operations.
On April 24, 2023, SMX (Security Matters) plc (NASDAQ: SMX; SMXWW) announced that Mr. Joshua Skule, former FBI Executive Assistant Director, will join its ad hoc International Legal Prosecuting Task Force. His role will focus on investigating irregular trading patterns, including spoofing and potential illegal market manipulation of SMX shares. Skule will also liaise with international law enforcement agencies such as INTERPOL and Irish authorities to explore legal actions if warranted.
Skule's extensive background in intelligence and law enforcement is expected to enhance the Task Force's effectiveness. SMX aims to combat abusive trading tactics while focusing on providing technology solutions for a low-carbon economy, addressing regulatory challenges in the industry.
On April 17, 2023, SMX announced the release of its first analyst report from Frost & Sullivan since its NASDAQ debut. The report outlines three key investment opportunities: creating generic authentication formats, developing a new digital marketplace for various raw materials, and establishing industry standards for digital asset tracking. Frost & Sullivan provides a price target of $6.50 per share for SMX, which is based on recent M&A transactions. The report emphasizes SMX's blockchain technology that enhances supply chain visibility and recognizes the growing circular economy market, with a potential valuation of $20 billion by 2023, growing at a rate of 9.1%. SMX's approach spans multiple sectors, including agriculture and luxury goods, aimed at aiding businesses in transitioning to a low-carbon economy.
On April 17, 2023, Frost & Sullivan released an independent equity research report on SMX (Security Matters) PLC (NASDAQ: SMX). The report emphasizes the company's innovative chemical-based digital tracking solution, which enhances supply chain integrity and promotes sustainability within the circular economy.
SMX's technology, developed from Israeli government research, uses unique markers and blockchain for secure data storage. The company targets revenue generation through multiple streams, including implementation fees and technology licenses, with a valuation of approximately USD 77.3 million.
The price target for SMX stock is estimated between USD 3.12 and USD 3.75, with a mean value of USD 3.44.
On April 10, 2023, SMX (NASDAQ: SMX; SMXWW) announced the formation of an International Legal Prosecuting Task Force to investigate potential market manipulation affecting its share price. The task force will analyze trading patterns and prosecute any parties involved. Comprised of legal experts from Arthur Cox (Ireland) and Afik Law (Israel), along with the Christian Levine Law Group and Warshaw Burstein, LLP, the team focuses on stock fraud cases. SMX aims to protect shareholder equity and may consider various actions based on the investigation's outcome, including legal proceedings and issuing a special dividend. The company reassured investors of its commitment to combat illegal trading activities and maintain shareholder value.
On April 5, 2023, SMX (NASDAQ: SMX, SMXWW) issued a shareholder advisory to address concerns about potential illegal short selling and recommend best practices for safeguarding investor shares. The company urges shareholders to maintain their SMX ordinary shares in a Type 1 Cash Account to prevent brokers from lending these shares for short selling, which could negatively impact share prices. SMX's senior management is also aligning with these practices. The advisory emphasizes the company's commitment to long-term shareholder value amid increasing challenges related to carbon neutrality and compliance with regulations.
On April 4, 2023, SMX (NASDAQ: SMX; SMXWW) announced the retention of John Tabacco from CEOBLOC to combat illegal naked short selling and abusive trading practices. SMX aims to utilize Mr. Tabacco's expertise as part of a broader strategy to address high-volume selling pressures affecting the company's stock values. These efforts are anticipated to enhance stock market representation for its retail shareholders. The company focuses on creating a circular economy and aiding businesses in transitioning to low-carbon operations. Forward-looking statements in the PR caution that actual results could differ significantly due to various risks.
SMX (Security Matters) PLC (NASDAQ: SMX; SMXWW) announced successful steel marking at a European facility for ethical sourcing and recycling. This technology survived all manufacturing processes, including melting and galvanization. SMX is engaging in commercial discussions with major US steel manufacturers, aiming to set a new industry standard. The technology contributes to a sustainable steel production process, reducing energy use and carbon emissions. SMX's innovations facilitate the transition from a linear to a circular economy while enabling traceability and recycling capabilities within the supply chain.
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