Smartkem Announces Reverse Stock Split to Regain Nasdaq Compliance
Smartkem (NASDAQ:SMTK) has announced a 1-for-50 reverse stock split, effective August 20, 2026. The move is intended to raise the company’s share price and help it regain compliance with Nasdaq's minimum bid-price requirement for continued listing. The adjusted trading will begin on August 21, following the implementation of the reverse split. In premarket trading, Smartkem shares fell by 14.4%, reflecting investor concerns or uncertainty around the company’s financial health and future prospects.
