SMX (Security Matters) Public Ltd Co (SMX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 24, 2026

Risk Assessment Details

Potential Dilution: 4851.82% of current shares
Recent Dilution: 684.13% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
3M
Potential Supply
150M
Additional shares possible
Splits
None
Past 2 years

Summary

SMX currently has 3.04M outstanding shares. with significant dilution risk as 147M authorized shares could dilute existing holders by 4851.8%. The company has significantly diluted shareholders by 684.13% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 24, 2026

POS AM filing: This prospectus relates to the resale, from time to time of up to an aggregate of 30,411,426 ordinary shares of the Company by the selling stockholders named elsewhere in this prospectus, and also the potential issuance of up to $250,000,000 of the Company's Ordinary Shares in an equity line of credit to the SEPA Investor.

3M 150M
Mar 20, 2026

20-F filing | 1.8M shares outstanding

1.8M 150M
Aug 15, 2025

F-1 filing: This F-1 filing relates to the resale of up to 22,590,361 ordinary shares by selling stockholders, potentially from the conversion of convertible promissory notes.

1.3M 150M
May 20, 2025

F-1 filing: This F-1 filing relates to the resale of up to 21,484,375 ordinary shares of SMX (Security Matters) Public Limited Company by selling stockholders, which they may receive pursuant to the conversion of principal under a convertible promissory note. The ordinary shares are listed on The Nasdaq Capital Market under the symbol 'SMX'.

4.3M 120M
May 14, 2025

20-F filing | 1.2M shares outstanding

1.2M 100M
Feb 21, 2025

F-3 filing: SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY files an F-3 registration statement to offer and sell, from time to time, up to $45,000,000 of any combination of ordinary shares, preferred shares, and debt securities, either individually or in units.

1.6M 100M
Sep 26, 2024

F-1 filing: This F-1 filing relates to the resale of up to 32,755,097 ordinary shares by selling stockholders, including shares underlying warrants. The company will not receive proceeds from the resale, but may receive up to $10,700,000 from warrant exercises.

2.9M 100M
Aug 14, 2024

F-1 filing: This F-1 filing relates to the resale of up to 628,232 ordinary shares of SMX (Security Matters) Public Limited Company by the selling stockholder, consisting of shares issuable upon conversion of a convertible promissory note and shares underlying warrants.

690K 71M
Aug 13, 2024

F-1 filing: This F-1 filing relates to the resale of up to 212,287 ordinary shares of SMX (Security Matters) Public Limited Company by selling stockholders.

690K 70M
May 29, 2024

F-1 filing: This is an F-1 filing for the issuance of up to 15,000,000 ordinary shares by SMX (Security Matters) Public Limited Company, with Generating Alpha, Ltd. acting as underwriter, potentially generating up to $30,000,000 for the company.

39M 70M
May 28, 2024

POS AM filing: This prospectus relates to the resale of up to 5,239,938 ordinary shares by the selling stockholders.

39M 55M
May 10, 2024

F-1 filing: This F-1 filing relates to the resale of up to 27,534,449 ordinary shares by selling stockholders, including shares issuable upon conversion of notes and exercise of warrants.

39M 55M
Apr 30, 2024

20-F filing | 10.2M shares outstanding

10M 27M
Apr 22, 2024

POS AM filing: This prospectus relates to the resale of up to 9,482,110 ordinary shares by the selling stockholder.

34M 27M
Apr 22, 2024

POS AM filing: This is a POS AM filing by SMX (Security Matters) Public Limited Company relating to the resale of up to 487,281 ordinary shares by the selling stockholder.

34M 27M
Apr 22, 2024

POS AM filing: This prospectus relates to the resale of up to 909,090 ordinary shares by selling stockholders, with the company potentially receiving proceeds from the exercise of warrants.

34M 27M
Apr 22, 2024

POS AM filing: This is a POS AM filing for the resale of up to 5,239,938 ordinary shares by selling stockholders.

34M 27M
Feb 29, 2024

F-1 filing: This F-1 filing relates to the resale of up to 5,239,938 ordinary shares by selling stockholders.

19M 43M
Feb 28, 2024

F-1 filing: This F-1 filing relates to the resale of up to 4,000,000 ordinary shares of Security Matters Public Limited Company by YA II PN, LTD (Yorkville) pursuant to a Reciprocal Standby Equity Purchase Agreement, under which Yorkville has committed to purchase up to $25,000,000 of ordinary shares.

18M 38M
Jan 30, 2024

F-1 filing: SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY is offering 15,921,787 ordinary shares at an assumed public offering price of $0.179 per share.

11M 34M
Dec 22, 2023

F-1 filing: SMX (Security Matters) Public Limited Company is offering up to 1,400,000 ordinary shares through resale by YA II PN, LTD (Yorkville) under a Reciprocal Standby Equity Purchase Agreement, with Yorkville committed to purchase up to $25,000,000 of ordinary shares.

5.7M 18M
Dec 22, 2023

F-1 filing: This F-1 filing describes the resale of up to 909,090 ordinary shares by selling stockholders, with the company potentially receiving proceeds from warrant exercises for working capital.

5.7M 18M
Sep 29, 2023

F-1 filing: This F-1 filing relates to the resale of up to 487,281 ordinary shares by the selling stockholder, received pursuant to the conversion of $657,203 of indebtedness into Ordinary Shares.

2.3M 16M
Sep 20, 2023

F-1 filing: This F-1 filing relates to the resale of up to 9,482,110 ordinary shares by the selling stockholder, including shares underlying a promissory note and warrants.

2.2M 15M
Sep 06, 2023

F-1 filing: F-1 filing for SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY regarding the resale of up to 1,406,853 ordinary shares by YA II PN, LTD (Yorkville) under a Reciprocal Standby Equity Purchase Agreement (SEPA) for up to $25,000,000.

2.2M 5.9M
Jun 07, 2023

F-1 filing: SMX (Security Matters) Public Limited Company is filing an F-1 to offer up to $10,000,000 of ordinary shares, warrants to subscribe for ordinary shares, and pre-funded warrants to subscribe for ordinary shares.

24M 4.5M
May 01, 2023

20-F filing | 0.0M shares outstanding

1 4.5M
Mar 17, 2023

F-1 filing: This F-1 filing registers the resale of Ordinary Shares by Yorkville under a SEPA agreement, with the company potentially receiving up to $25,000,000 in gross proceeds.

23M 4.5M
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