Security Matters (SMX) Stock Surges 143% on Global Partnership Deals
Security Matters Limited (SMX) saw its stock price catapult 143% in a single trading session following the announcement of six strategic global partnerships. The deals span key markets including Singapore, Spain, France, Dubai, and the United States, signaling the company's transition from development to large-scale commercialization of its molecular-marking technology.
The breakthrough moment came during Dubai's DMCC Precious Metals Conference, where SMX demonstrated its patented system for assigning unique molecular identities to materials like gold. This innovation replaces traditional verification methods with permanent physical-to-digital tracking throughout a material's lifecycle.
Investors responded enthusiastically to the company's November 18 reverse stock split, which reduced outstanding shares from 8.4 million to 1.05 million. The restructuring appears to have positioned SMX for its current growth phase, with shares climbing above $14 during the rally.