SmartKem, Inc. announced it will implement a 1-for-50 reverse stock split of its common stock. The action is intended to increase the per-share trading price to satisfy the minimum bid price requirement for continued listing on The Nasdaq Stock Market.
Key Details
- Ratio & Effective Date: The reverse stock split has a ratio of 1-for-50 and will be effective after the market closes on August 20, 2026.
- Post-Split Trading: The common stock will begin trading on a split-adjusted basis at the market open on August 21, 2026, under the existing ticker "SMTK."
- Fractional Shares: No fractional shares will be issued; stockholders entitled to a fractional share will receive one whole share of common stock. The CUSIP number will change to 83193D302.