SMX (SMX)announced 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). The Nasdaq Hearings Panel scheduled for February 6, 2025 that will be considering the company’s continued listing on Nasdaq, will consider this additional deficiency in rendering its determination.
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