SMX Regains Compliance with Nasdaq Listing Rules 5550(a)(2) and 5620(a)
SMX (Security Matters) PLC has successfully regained compliance with two critical Nasdaq listing requirements as of February 13, 2025. The company has satisfied both the Bid Price Rule (5550(a)(2)) and the Annual Shareholder Meeting Rule (5620(a)), as confirmed by a Nasdaq Hearings Panel decision. As a result, SMX's ordinary shares and public warrants are no longer at risk of delisting from the Nasdaq exchange.
SMX (Security Matters) PLC ha ripristinato con successo la conformità a due requisiti critici per la quotazione su Nasdaq al 13 febbraio 2025. L'azienda ha soddisfatto sia il Regolamento sul Prezzo di Offerta (5550(a)(2)) che il Regolamento sulla Riunione Annuale degli Azionisti (5620(a)), come confermato da una decisione del Comitato di Appello di Nasdaq. Di conseguenza, le azioni ordinarie di SMX e i warrant pubblici non sono più a rischio di delisting dalla borsa Nasdaq.
SMX (Security Matters) PLC ha recuperado con éxito el cumplimiento de dos requisitos críticos de cotización en Nasdaq al 13 de febrero de 2025. La empresa ha cumplido tanto con la Regla del Precio de Oferta (5550(a)(2)) como con la Regla de la Junta Anual de Accionistas (5620(a)), según lo confirmado por una decisión del Panel de Audiencias de Nasdaq. Como resultado, las acciones ordinarias de SMX y los warrants públicos ya no corren el riesgo de ser excluidos de la bolsa Nasdaq.
SMX (Security Matters) PLC는 2025년 2월 13일 기준으로 Nasdaq 상장 요구사항 두 가지를 성공적으로 복구했습니다. 이 회사는 입찰 가격 규칙 (5550(a)(2))과 연례 주주 총회 규칙 (5620(a))을 모두 충족했으며, 이는 Nasdaq 청문회 패널의 결정으로 확인되었습니다. 결과적으로 SMX의 보통주와 공개 워런트는 더 이상 Nasdaq 거래소에서 상장 폐지될 위험이 없습니다.
SMX (Security Matters) PLC a réussi à retrouver sa conformité avec deux exigences critiques de cotation au Nasdaq au 13 février 2025. L'entreprise a satisfait à la fois à la Règle du Prix d'Offre (5550(a)(2)) et à la Règle de l'Assemblée Générale Annuelle des Actionnaires (5620(a)), comme confirmé par une décision du Panel des Audiences de Nasdaq. En conséquence, les actions ordinaires de SMX et les bons de souscription publics ne risquent plus d'être radiés de la bourse Nasdaq.
SMX (Security Matters) PLC hat am 13. Februar 2025 erfolgreich die Einhaltung von zwei wichtigen Nasdaq-Listing-Anforderungen wiederhergestellt. Das Unternehmen hat sowohl die Bid-Preis-Regel (5550(a)(2)) als auch die Regel für die jährliche Hauptversammlung der Aktionäre (5620(a)) erfüllt, wie durch eine Entscheidung des Nasdaq-Hearings-Gremiums bestätigt. Infolgedessen sind die Stammaktien von SMX und die öffentlichen Warrants nicht mehr von der Delistung an der Nasdaq betroffen.
- Regained compliance with Nasdaq listing requirements
- Removal of delisting risk for shares and warrants
- Successfully met both Bid Price and Annual Shareholder Meeting requirements
- None.
NEW YORK, NY / ACCESS Newswire / February 18, 2025 / SMX (Security Matters) PLC (NASDAQ:SMX, SMXWW), a pioneer in digitizing physical objects for a circular economy, has announced that it has regained compliance with Listing Rule 5550(a)(2) (the "Bid Price Rule") and Listing Rule 5620(a) (the "Annual Shareholder Meeting Rule"), as determined by a Nasdaq Hearings Panel's decision of February 13, 2025.
Accordingly, the Company's ordinary shares and public warrants are no longer subject to delisting as of such determination.
For further information contact:
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About SMX
As global businesses face new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards, SMX is able to offer players along the value chain access to its marking, tracking, measuring and digital platform technology to transition more successfully to a low-carbon economy.
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: successful launch and implementation of SMX's joint projects with manufacturers and other supply chain participants of steel, rubber and other materials; changes in SMX's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; SMX's ability to develop and launch new products and services, including its planned Plastic Cycle Token, and apply its technologies to new markets; SMX's ability to successfully and efficiently integrate future expansion plans and opportunities; SMX's ability to grow its business in a cost-effective manner; SMX's product development timeline and estimated research and development costs; the implementation, market acceptance and success of SMX's business model; developments and projections relating to SMX's competitors and industry; and SMX's approach and goals with respect to technology. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; any lingering effects of the COVID-19 pandemic on SMX's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which SMX operates; the risk that SMX and its current and future collaborators are unable to successfully develop and commercialize SMX's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that SMX is unable to secure or protect its intellectual property; the possibility that SMX may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in SMX's filings from time to time with the Securities and Exchange Commission.
SOURCE: SMX (Security Matters)
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FAQ
What Nasdaq compliance rules did SMX regain on February 13, 2025?
Is SMX stock still at risk of being delisted from Nasdaq?
What does regaining Nasdaq compliance mean for SMX shareholders?
When did the Nasdaq Hearings Panel confirm SMX's compliance status?
