Why Did SMX Plunge 11.6%?

On July 17, 2025, SMX experienced a significant drop of 11.6% in pre-market trading, reflecting a notable decline in investor confidence.

SMX Public Limited Company recently underwent a 10 for 41 reverse stock split, which means shareholders now hold 10 shares for every 41 they previously owned. This action is part of the company's efforts to address recurring losses and noncompliance with Nasdaq listing rules. The company's financial report for the fiscal year ending December 31, 2024, highlights accumulated losses of $82 million and a dependency on external funding, raising concerns about its ability to continue as a going concern.

SMX operates in the technology industry, focusing on security solutions. The company is headquartered in Dublin, Ireland, and provides security and traceability solutions through unique technology to mark and track items. Despite these challenges, SMX continues to operate in the security technology sector, aiming to innovate and stabilize its financial position.