SmartKem, Inc. announced the execution of a 1-for-50 reverse stock split to satisfy Nasdaq Capital Market minimum bid price requirements for continued listing. The transaction was authorized by shareholders on June 23, 2026, and became effective after market close on August 20, 2026, with post-split trading commencing on August 21, 2026. Fractional shares will be rounded up to the nearest whole share rather than cashed out. Proportionate adjustments were made to outstanding equity awards, warrants, and conversion prices. The company also referenced a pending definitive business combination agreement with Ferrox Critical Minerals announced in August 2026. SmartKem develops and manufactures custom electronic materials for next-generation electronics applications.
