on SMX (Security Matters)
SMX Faces Nasdaq Delisting Notice
On December 11, 2024, SMX (Security Matters) PLC received a delinquency notice from Nasdaq Listing Qualifications Staff. The company's ordinary shares have been trading below $1.00 for 30 consecutive business days, breaching Nasdaq Listing Rule 5550(a)(2). Due to past reverse stock splits, SMX is not eligible for a standard 180-day compliance period.
Without corrective measures, trading suspensions are imminent. SMX will request a hearing before a Nasdaq Hearings Panel to prevent delisting. This move temporarily halts trading suspension pending a decision. However, there's no guarantee that the panel will maintain SMX's Nasdaq listing, or that SMX can meet any conditions that might be imposed.
R. H.
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