Smartkem approves 1-for-50 reverse stock split to meet Nasdaq rules

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Go back to Smartkem approves 1-for-50 reverse stock split to meet Nasdaq rules

Smartkem, Inc. announces reverse split of common stock to support continued Nasdaq listing

August 19, 2026 8:00 AM EDT

WILMINGTON, Del., Aug. 19, 2026 (GLOBE NEWSWIRE) -- Smartkem, Inc. (Nasdaq: SMTK) ("Smartkem" or the "Company") today announced that its Board of Directors has approved a reverse stock split of the Companys outstanding common stock at a ratio of 1-for-50, following authorization by shareholders at the companys Annual Meeting of Shareholders held June 23, 2026.

The reverse stock split will become effective on August 20, 2026 at 5:00 p.m. Eastern Time and Smartkems common stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market at the opening of trading on August 21, 2026 under the existing... More