SmartKem announces 1-for-35 reverse stock split effective Sept 21

SmartKem, Inc.

Board approved 1-for-35 reverse split on Sept 19, 2023; effective 12:01 AM ET Sept 21.
Outstanding shares reduced from 30,507,773 to approximately 871,706; no fractional shares.
Common stock continues on OTCQB under symbol SMTK; new CUSIP 83193D203.
Equity incentive plan shares proportionally reduced from 26,008,708 to 743,106.
Effective date corrected from Sept 20 to Sept 21 after FINRA discussion.

item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SmartKem, Inc.: Filed amendment to effect 1-for-35 reverse stock split (effective 2023-09-21).

Change: charter amendment
Effective: 2023-09-21

Exact text from the filing

On September 19, 2023, the Board approved a reverse stock split of the Company’s issued and outstanding Common Stock at a ratio of 1-for-35 (the “Reverse Stock Split”). Following the Board approval, the Company filed the Reverse Stock Split Amendment with the Secretary of State of the State of Delaware to effect the Reverse Stock Split.

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13 governance changes filed in the last 30 days. Browse all governance changes →

SmartKem, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-102289

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