Smartkem, Inc. announces reverse split of common stock to support continued Nasdaq listing
Smartkem, Inc. has approved a 1-for-50 reverse stock split to increase its stock price and satisfy Nasdaq's minimum bid price requirements for continued listing. The reverse split will become effective August 20, 2026, with shares trading on a split-adjusted basis starting August 21, 2026. This move coincides with Smartkem's pending business combin…