SMX has announced a groundbreaking integration of its proprietary coating and digital platform technology for NFC and RFID chip marking and protection. This new technology aims to offer enhanced security, traceability, and durability, setting a new standard in electronic component protection. The company’s innovative solution embeds unique markers into chip coatings, enhancing their durability and environmental resilience, and is expected to extend the technology’s application into wearable and flexible electronics, fashion, sports, and adventure wear markets. These advancements position SMX to better combat counterfeiting and unauthorized tampering, while also supporting the security needs of emerging electronic applications.
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Devine6671 : SMX (Security-Semiconductor) PLC received a non-compliance notice from Nasdaq on December 11, 2024, for failing to meet the minimum bid price requirement of $1.00. The company's common stock traded below $1.00 for 30 consecutive trading days from October 8, 2024, to December 9, 2024. Unlike typical cases that allow a 180-day compliance period, SMX is ineligible due to multiple stock splits in the past two years. The company plans to request a hearing before a panel to maintain its listing qualification on the Nasdaq Capital Markets. Trading and delisting will be suspended pending the hearing outcome. SMX's common stock and public Warrants will continue to be listed on Nasdaq at least until a decision is made by the hearing panel. The company's closing stock price on December 12, 2024, was $0.337. There is no guarantee that the hearing panel will approve continued listing, nor can it be assured that SMX will meet compliance conditions if an extension is provided.