Core Insights - Compliance has historically been viewed as a cost center across major industries, leading companies to hire consultants, form reporting teams, and invest in monitoring systems primarily due to regulatory requirements [1] Industry Perspective - The necessity for compliance has driven companies to allocate resources towards external consultants and internal teams, indicating a significant financial burden imposed by regulatory frameworks [1]

Core Perspective - Recycling was initially promoted as a cost-effective and impactful solution to the global plastic crisis, gaining widespread support from various stakeholders [1] Industry Summary - The recycling industry has been positioned as a key player in addressing environmental concerns related to plastic waste [1] - Stakeholders across different sectors have engaged in promoting recycling as a viable solution to the plastic problem [1]

Core Insights - Recycling was initially viewed as a straightforward solution for sustainability, with significant commitments from policymakers, global brands, and NGOs [1] Industry Overview - Policymakers established ambitious recycling targets to promote sustainability [1] - Global brands have pledged billions of dollars towards recycling initiatives [1] - Non-governmental organizations (NGOs) are advocating for greater accountability in recycling efforts [1]

NEW YORK, NY / ACCESS Newswire / September 10, 2025 / The history of economic growth is often told through waves of efficiency. The steam engine extracted more work from coal, electrification powered entire industries, and the microchip condensed computation into silicon. ...

NEW YORK, NY / ACCESS Newswire / September 8, 2025 / Proof has always been the foundation of markets. Money moves on trust, contracts rely on evidence, and supply chains run on verified records. ...

NEW YORK, NY / ACCESS Newswire / September 8, 2025 / Trust is the currency that drives consumer markets. A brand may spend millions on advertising, packaging, and influencer campaigns, but ultimately, it's proof that keeps customers coming back. ...

NEW YORK, NY / ACCESS Newswire / September 8, 2025 / Plastics have long been cast as an environmental problem, but the conversation is shifting. And that shift couldn't be more timely, happening at a time when the world's supply chains are being defined by supply chain fragility, resource competition, and geopolitical rivalry. ...

Corporate Governance and Compliance - The Company is classified as an "emerging growth company" and will maintain this status until it reaches total annual gross revenue of $1.07 billion or other specified conditions [143]. - The Company has received three deficiency letters from Nasdaq regarding non-compliance with the Minimum Bid Price Requirement, as the bid price was below $1.00 for 30 consecutive business days [148]. - The Company is subject to less stringent corporate governance requirements as a foreign private issuer, which may result in less publicly available information [159]. - If the Company is delisted from Nasdaq, it may face significant adverse consequences, including reduced liquidity and increased regulatory scrutiny [151]. - The Company intends to follow Irish corporate governance practices instead of Nasdaq standards, which may lead to less stringent oversight [161]. - The Company may lose its foreign private issuer status in the future, which could result in significant additional costs and compliance challenges [162]. - The Company has elected to take advantage of extended transition periods for complying with new accounting standards under the JOBS Act [143]. - There is no guarantee that the exemptions under the JOBS Act will result in significant savings, and opting out of these exemptions may incur additional compliance costs [144]. Financial Position and Capital Needs - The Company may need to raise additional capital to fund operations, pay existing liabilities, and finance future growth, which may not be available on favorable terms [145]. - Future capital raising efforts may dilute existing shareholders and could reduce the market price of Ordinary Shares [156]. - The Company’s liquidity risk is managed by maintaining sufficient cash and liquid assets, alongside committed credit facilities [413]. - The Company’s credit risk is monitored closely, with main financial assets being cash and cash equivalents, ensuring prompt collection from counterparties [412]. Business Operations and Innovations - The Company successfully completed the marking of 21 tons of natural rubber sourced in Latin America, achieving a 100% success rate for origin authentication and full traceability from tree to tire [421]. - In 2022, the Company conducted successful trials for marking recycled plastics, demonstrating the ability to manage the process remotely, indicating potential for industrial scale adoption [415]. - The Company announced the planned launch of a plastic cycle token, scheduled for release at the end of 2025, aimed at creating a reliable digital credit platform for recyclable plastics [422]. - The Company has marked 2.2 tons of silver in cooperation with Sunshine, successfully completing proof of concept for ethical sourcing and authentication of silver [435]. - Security Matters PTY achieved a 100% success rate on all marked products throughout the production process, ensuring quality and brand authentication for stakeholders [438]. - Security Matters PTY has a target to reach $35 million in sales over the coming years through its exclusive distribution agreement with Sumitomo [441]. - The company has advanced source tracing technology for alcoholic beverages, focusing on key ingredients and packaging solutions [442]. - Security Matters PTY is part of the Circular Electronics Partnership, aiming to reduce e-waste and promote a circular economy for electronics by 2030 [450]. - The company launched a Fashion Sustainability Competence Centre to help fashion brands transition to a sustainable circular economy [451]. - Security Matters PTY's technology is applicable across various materials, including leather and plastics, for recycling and sustainability efforts [451]. - The company plans to integrate its markers in wearable technology and active wear, with a coating that withstands temperatures up to 150 degrees Celsius [452]. Intellectual Property and Technology - The company has over 20 patent families and more than 100 patents filed globally, crucial for maintaining proprietary technology [453]. - The company has a total of 20 patent families related to X-ray fluorescence (XRF) technology, with several patents granted and pending in various countries [456][457][458][459][460][461][462][463]. - Patent Family 1 includes a system for reading XRF markings, with patents granted that expire in 2036 [458]. - Patent Family 2 focuses on an anti-counterfeit marking technique for verifying the authenticity of metallic objects, with a patent expiring in 2040 [459]. - Patent Family 4 presents a method for verifying compatibility of electronic system components using XRF signatures, with patents expiring in 2037 [461]. - Patent Family 5 introduces a novel XRF analyzer capable of identifying multiple solid objects simultaneously, with a patent expiring in 2037 [462]. - Patent Family 6 details a method for marking and authenticating precious stones, with patents expiring in 2038 [463]. - The company has filed applications for new technologies, including a method for detecting mishandling of food products and a system for virtual currency based on blockchain architecture [456][457]. - The company is actively pursuing market expansion through innovative product development and strategic patent filings across multiple jurisdictions [456][457]. - The company aims to enhance its product offerings by integrating advanced XRF technology into various applications, including supply chain management and authentication systems [460][461]. - The company is focused on maintaining a robust intellectual property portfolio to support its growth and competitive advantage in the market [456][457]. Mergers and Acquisitions - The merger with Security Matters PTY resulted in the Company owning the entire share capital of Security Matters PTY, with a deemed issuance of shares valued at $11,599 thousand [482]. - The difference of $16,802 thousand between the fair value of shares deemed issued and the fair value of the Company's identifiable net assets is expensed immediately to profit or loss [483]. - The Company acquired an additional 7.5% of trueGold, increasing its holdings to 51.9%, gaining control over trueGold and diversifying operations into research and development [485]. - The fair value of the previous investment in trueGold was remeasured at $22,164 thousand upon obtaining control, resulting in a recognized gain of the same amount [487]. - The consolidated financial statements for the year ended December 31, 2023, reflect the retained earnings and equity balances of Security Matters PTY immediately before the Business Combination [486]. - Substantially all assets of the Company comprised marketable securities valued at $4,921 thousand and trade payables and warrants valued at $10,127 thousand [484]. - The Company’s financial statements post-acquisition include the full period results of Security Matters PTY along with the post-acquisition results from the Closing Date [486]. - The equity structure of Security Matters PTY is restated to reflect the number and par value of shares of the Company issued in the reverse acquisition transaction [486]. - The Company’s consolidated financial statements for 2023 include the results of Security Matters PTY for the full period and the post-acquisition results [486]. - The fair value of non-controlling interests in trueGold was estimated using the discounted cash flow method, reflecting the entire goodwill of trueGold [488]. - The total cost of the business combination included a full forgiveness of outstanding payables from trueGold to the Company amounting to AUD 475 thousand (approximately $307 thousand) at acquisition date [488]. - The Company's ownership percentage in trueGold increased from 51.9% to 52.9% after restructuring $1.3 million of debt owed to PMB [490]. - PMB exchanged its shares in trueGold for 1,022 (1%) Company shares as part of the restructuring agreement [490]. Market Trends and Economic Factors - As of December 31, 2024, the ILS increased against the U.S. dollar by approximately 0.6%, while the AUD, EUR, and SGD decreased by approximately 8.5%, 5.5%, and 2.6% respectively [410]. - The company’s policy is not to enter into any currency hedging transactions, exposing it to potential adverse effects from future currency fluctuations [411]. - The Company is not aware of any trends or events likely to materially affect its revenue, income, profitability, liquidity, or capital resources [480].

Core Insights - The article emphasizes the importance of hardware integrity as a foundational element for artificial intelligence (AI) systems [1] - SMX is presented as a solution provider that ensures hardware integrity, which is critical for the reliability and performance of AI applications [1] Industry Overview - The AI industry is rapidly evolving, with increasing reliance on robust hardware to support complex algorithms and data processing [1] - Hardware failures can lead to significant operational risks and inefficiencies in AI systems, highlighting the need for stringent integrity measures [1] Company Focus - SMX specializes in providing solutions that enhance hardware integrity, thereby supporting the overall performance of AI technologies [1] - The company’s approach includes advanced monitoring and validation techniques to ensure that hardware components meet necessary standards [1]

Core Points - The company SMX (Security Matters) Public Limited Company will implement a reverse stock split at a ratio of 75:1, effective July 15, 2024, reducing outstanding shares from approximately 39.6 million to about 528 thousand [1][2] - The primary objective of the reverse stock split is to increase the per share trading price to meet NASDAQ's minimum bid price requirement for continued listing [3] - All outstanding options, warrants, and convertible securities will be proportionately adjusted according to their terms, and no fractional shares will be issued [4] Company Actions - Continental Stock Transfer & Trust Company will act as the exchange agent for the reverse stock split, providing instructions to shareholders holding stock certificates [5] - Shareholders with shares in book-entry form will see the impact of the reverse stock split reflected in their accounts on or after July 16, 2024 [5] Industry Context - SMX offers technology solutions to assist businesses in transitioning to a low-carbon economy, addressing challenges related to carbon neutrality and compliance with new regulations [10]