On July 23, 2026, SMX amended its 2022 Incentive Equity Plan to increase authorized Ordinary Shares from approximately 671,641 to 781,641, relying on home country governance practices to bypass stockholder approval. The company granted 100,000 restricted stock units (RSUs) to CEO Haggai Alon and 10,000 RSUs to a consultant, all vesting immediately with a trading restriction on underlying shares until January 22, 2027. As of the grant date, 1,088,608 ordinary shares were issued and outstanding. SMX operates in the cybersecurity industry, providing security solutions.

SMX reported a net loss of $45.45 million for the six months ended June 30, 2026, compared to $24.62 million for the same period in 2025. The company has not yet generated recurring commercial revenue. To fund operations, SMX raised $50.52 million through its Standby Equity Purchase Agreement (SEPA), increasing cash and cash equivalents to $33.54 million. The company also entered into a Shareholder Rights Agreement on February 13, 2026, issuing rights to purchase Series A Preferred Shares to prevent unauthorized acquisitions. Additionally, the company suspended arbitration proceedings with R&I Trading and assigned its intellectual property from SMX Israel to SMX IP and Licensing Limited on June 25, 2026. The company provides brand protection, authentication, and track-and-trace technology for the anti-counterfeit and circular economy markets.