Why Did SMX Plunge 14.18%? Reverse Stock Split Announced

On August 5, 2025, SMX experienced a significant drop of 14.18% in pre-market trading, marking a notable decline in its stock value.

SMX has announced that it will implement a 7:1 reverse stock split, effective from August 7, 2025. This decision, approved by the company's Board of Directors, aims to consolidate its shares, with every seven ordinary shares being converted into one new share. The move is expected to adjust the stock's trading basis and potentially impact its market perception and liquidity.

This reverse stock split is part of SMX's strategic efforts to enhance shareholder value and stabilize its stock price. The company's decision to proceed with this action reflects its commitment to maintaining financial health and investor confidence amidst market volatility.