11:40 AM EDT, 09/26/2024 (MT Newswires) -- SMX (SMX) filed a registration statement with the US Securities and Exchange Commission Thursday covering the potential resale of up to about 32.8 million shares of the company by certain selling stockholders.

The company said it will not realize any proceeds from the securities sales made by the stockholders. It will, however, receive proceeds of up to $10.7 million from the cash exercise of certain underlying warrants held by certain selling stockholders.

SMX shares were down more than 15% in recent trading.

Price: 2.88, Change: -0.52, Percent Change: -15.29