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SMX Announces Receipt of Nasdaq Listing Deficiency Notice

1. SMX received a deficiency notification for not holding an annual meeting. 2. The company plans to hold the meeting in February 2025.

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FAQ

Why Bearish?

Nasdaq notifications can affect investor confidence and stock performance. Past compliance failures often lead to declining share prices.

How important is it?

Compliance with Nasdaq rules is crucial for market confidence, directly impacting SMX stock value.

Why Short Term?

Immediate concerns arise from compliance issues, affecting stock in the near term. Shareholder reactions in February could also impact price.

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SMX
NEW YORK, NY / ACCESSWIRE / January 10, 2025 / SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) announces that on January 7, 2025, it received a deficiency notification letter from the Listing Qualifications Staff of the Nasdaq Stock Market LLC due to the Company's non-compliance with Nasdaq Listing Rules 5620(a), as the Company did not hold an annual general meeting of shareholders within twelve months of the end of the Company's fiscal year ended December 31, 2023. The Company intends to hold an annual general meeting of stockholders in February 2025, during which the Company will put before the shareholders for approval all matters that would have been tabled at the annual general meeting held during the calendar year 2024 (had it been so held).

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