Core Insights - SMX has entered 2026 fully financed through the end of Q1 2027, allowing the company to focus on execution, platform expansion, and the development of its Plastic Cycle Token for the circular economy [1] - The full conversion of SMX's convertible notes has significantly reduced long-term liabilities and strengthened the company's financial position [2] - The World Economic Forum highlighted sustainable finance, emphasizing the need for companies to provide verifiable data rather than just reporting it, which aligns with SMX's technology [3] Financial Position - SMX's financial position has improved due to the full conversion of convertible notes, eliminating potential equity overhang and reducing long-term liabilities [2] - The company is now positioned to advance project development across its circular-materials platform with a stronger financial foundation [2] Technology and Innovation - SMX is investing in molecular marking and material verification technologies, which are essential for transparency in global supply chains [1] - The Plastic Cycle Token strategy aims to create a reliable, auditable data framework that captures verified material lifecycle events, enhancing sustainability outcomes [4] - The company has made progress in establishing verification as core infrastructure, validating its technology across various regions and industries [5] Market Position and Strategy - SMX is evolving into a multi-material verification company, extending its platform beyond plastics to include applications in manufacturing, recycling, and regulated supply chains [6] - With secured funding and partnerships, SMX is focused on disciplined growth and advancing its verification and tokenization strategy [7] - The demand for trusted, verifiable material data is expected to grow, positioning SMX at the center of this transition as sustainability expectations shift from ambition to accountability [7]

Core Insights - SMX has secured full financing through the end of Q1 2027, allowing the company to focus on execution and platform expansion [1] - The company is developing its Plastic Cycle Token to support the circular economy [1] - Investments are being made in molecular marking and material verification technologies to enhance transparency in global supply chains [1] Financial Position - The financing ensures operational flexibility for SMX until at least the first quarter of 2027 [1] Strategic Initiatives - The company is strengthening its digital platform to drive real-world adoption of its technologies [1] - Emphasis is placed on regulatory alignment and proof of transparency in supply chains, indicating a shift towards more stringent industry standards [1]

Core Insights - Modern supply chains are facing increased regulatory scrutiny, requiring a shift from traditional documentation to more robust verification methods [1][9] - SMX is addressing this need by embedding identity directly into materials, allowing for real-time verification rather than relying on external databases [2][3] Company Overview - SMX is positioning itself uniquely in the traceability market by solving problems that other platforms do not address [2] - The company's approach involves marking materials at the molecular level, which fundamentally changes supply chain behavior [3] Technology and Application - SMX's technology is applicable across various materials and sectors, moving beyond traditional silos in traceability efforts [4] - The initial focus on plastics is driven by immediate regulatory pressures, making proof of recycled content essential [5] - This framework is also relevant in textiles and metals, where legal requirements for provenance and custody are critical [6][7] Market Dynamics - The introduction of verified goods leads to faster movement in trade, reduced disputes, and narrowed counterparty risk [8] - SMX's platform is evolving into a foundational infrastructure that supports compliance and accountability without hindering commerce [8][12] Regulatory and Economic Impact - As supply chains become more fragmented geopolitically, the demand for verifiable evidence over traditional paperwork increases [9] - The digital value associated with materials is strengthened when tied to physical verification, enhancing market transparency and regulatory enforcement [10][11][12] Future Trajectory - SMX aims to create a foundational layer for trade and compliance, moving beyond mere reporting features to establish a new standard in accountability [12] - The ability for materials to verify themselves will shift market dynamics from debate to pricing, positioning SMX as a key player in defining future trade rules [13]

Core Insights - SMX (NASDAQ:SMX) is fully financed for 2026 and is well-positioned to meet the needs of the expanding molecular marketing and digital tracing solutions sector [1] - The company's verification and tracing platforms are gaining adoption across global marketplaces [1] - SMX is continuing to develop its plastic cycle token as part of its growth strategy [1]

Core Viewpoint - SMX has entered 2026 fully financed through the first quarter, allowing the company to focus on execution and expansion of its platform [1] Group 1: Financial Position - The company is fully financed for the first quarter of 2026, providing flexibility for operational focus [1] Group 2: Strategic Initiatives - SMX is investing in the rollout of molecular marking and material verification technologies [1] - The company is strengthening its digital platform to enhance transparency and regulatory alignment across global supply chains [1] - The development of the Plastic Cycle Token is aimed at establishing a practical foundation for the circular economy [1]

Core Viewpoint - SMX has initiated 2026 with a focus on enhancing the adoption of its Plastic Cycle Token and verification platform, positioning itself as a solution provider amid increasing global pressure for carbon reduction and regulatory compliance [1] Group 1: Company Overview - SMX is fully financed through Q1 2026, indicating strong financial backing for its initiatives [1] - The company offers proprietary technologies for marking, tracking, measuring, and digital platforms that facilitate the authentication and monitoring of materials throughout their lifecycle [1] Group 2: Industry Context - Businesses globally are facing heightened pressure to meet carbon-reduction targets and navigate a complex landscape of regional and governmental regulations [1] - SMX's solutions are designed to assist organizations in transitioning towards a low-carbon economy with improved confidence and clarity [1]

Core Insights - SMX has transitioned from a lesser-known entity to a significant topic in investor discussions, particularly due to its Plastic Cycle Token (PCT) which is recognized as a foundational element for a new category of real-world assets based on verifiable data rather than estimates [1][2] Group 1: Technology and Innovation - SMX addresses longstanding issues in the sustainability sector, such as unreliable data and vague audit trails, by implementing a molecular identity system that allows materials to carry their own history, thus transforming sustainability into a verifiable asset [2][4] - The PCT is not merely a token but a ledger of truth that parallels industrial activity, allowing for the tracking and valuation of verified recovery events [5][9] Group 2: Market Dynamics - The rising interest in the PCT stems from its ability to change how businesses perceive compliance and how markets assess value, shifting sustainability from an expense to a performance category linked to verifiable outputs [6][8] - Investors are increasingly recognizing that SMX has built a robust infrastructure rather than merely creating hype, as the clarity of the PCT framework has attracted attention without dramatic marketing efforts [7][9] Group 3: Economic Implications - The PCT is seen as a new economic layer that integrates industry, data, and digital value, moving the conversation from ideology to economics, which is appealing to both traditional markets and the crypto sector [6][9] - SMX's technology is appreciated for unlocking efficiency, providing trustworthy verification for regulators and brands, and offering digital assets that are backed by real-world activities [8]

As filed with the Securities and Exchange Commission on December 15, 2025 Registration Statement No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SMX (Security Matters) Public Limited Company (Exact name of registrant as specified in its charter) (State or other jurisdiction of (Primary Standard Industrial Ireland 3590 N/A (I.R.S. Employer Identification Number) +353-1-920-1000 Mespil Business Centre, Mespil Hou ...

Core Insights - The market is undergoing a recalibration regarding SMX, as multiple industries recognize its capabilities across various verticals rather than viewing it as a niche product company [1][8] - SMX's technology allows for the tracking of material identity through various processes, addressing long-standing issues in gold and rare earth markets, as well as in ESG compliance [2][3][4] Gold Market Impact - SMX's ability to maintain the molecular identity of gold through smelting and storage has eliminated a structural problem in the bullion industry, attracting significant market interest [2] - The validation of gold through SMX technology is expected to strengthen demand for rare earth minerals, which are crucial for various high-tech applications [7] Rare Earth Minerals - Rare earth minerals face identity verification challenges on a geopolitical scale, but SMX's technology can track their identity from extraction to alloy formation, prompting reactions from industry players [3][6] ESG and Sustainability - SMX's technology enables materials like plastics and textiles to retain their identity through recycling processes, making ESG metrics measurable rather than narrative-driven [4] - This capability has garnered attention from brands, regulators, and auditors, further validating SMX's impact across different sectors [4] Digital Market Integration - The introduction of the Plastic Cycle Token by SMX translates authenticated physical performance into digital signals, creating a new data-driven value system [5] - This innovation anchors digital assets in real-world performance, enhancing their credibility and market acceptance [5] Structural Flaw Resolution - SMX addresses a universal flaw in material identity verification post-transformation, leading to rapid market movements as industries align around this foundational capability [6][8] - The convergence of interest across sectors creates a multiplier effect, prompting a reevaluation of SMX's value in the market [7] Company Overview - SMX provides technology solutions for businesses facing challenges related to carbon neutrality and compliance with new regulations, facilitating a transition to a low-carbon economy [9]

Core Insights - SMX has developed a global authentication engine that provides permanent, material-level identity for supply chains, addressing a critical flaw in various industries [1][3][6] - The technology enables materials to retain their identity through transformations, enhancing authenticity and traceability across sectors like gold, rare earths, and digital assets [2][3][5] - The simultaneous adoption of SMX's technology across multiple industries creates a compounding effect, strengthening the overall market dynamics [5][6][7] Industry Impact - SMX's technology resolves a systemic flaw in industries reliant on trust without verification, allowing for scientifically measurable claims in sustainability and authenticity [2][3] - The infrastructure value of SMX's solution is recognized as a structural upgrade across global systems, influencing how markets price the company [4][6] - The integration of verified data across sectors enhances the logic behind ESG standards and digital asset creation, creating a circular feedback loop that reinforces the value of SMX's platform [5][6] Market Dynamics - The market is currently in a recalibration phase, recognizing that SMX addresses a fundamental problem shared across multiple industries rather than isolated issues [7] - As industries realize the benefits of SMX's technology, the valuation logic is shifting, indicating a broader acceptance and integration of the solution [6][7] - The response from regulators, analysts, and commercial partners reflects a growing understanding of SMX's role as a catalyst for change in various sectors [6][8]