July 11th (Eastern Time) - $SMX (Security Matters) (SMX.US)$ is about to implement a 1-for-75 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from July 15th, 2024.
$SMX (Security Matters) (SMX.US)$ slipped 6.5% and closed at $0.1194 on July 10th with a turnover of $389.58K. $SMX (Security Matters) (SMX.US)$ now has a total market capitalization of $4.7 million.
What Is a Reverse Stock Split?
A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.