SmartKem, Inc. has executed a 1-for-50 reverse stock split of its issued and outstanding common stock. The action was effective as of 5:00 p.m. Eastern Time on August 20, 2026.
Key Details
- Effective Date: August 20, 2026, at 5:00 p.m. ET.
- Split Ratio: Every fifty shares of common stock were converted into one share of common stock.
- Fractional Shares: Any fractional shares resulting from the split will be rounded up to the next whole share.
- Capital Structure: The reverse split did not change the par value or the total number of authorized shares of common stock. Proportionate adjustments were made to outstanding options, warrants, and equity incentive plans.