SmartKem receives Nasdaq deficiency notice for stockholders' equity below $2.5M

SmartKem, Inc.

Stockholders' equity of $2.3M as of Sept 30, 2024, below Nasdaq's $2.5M minimum requirement.
Company also fails alternative compliance of $35M market value or $500K net income.
No immediate delisting; must submit compliance plan by December 30, 2024.
If plan accepted, Nasdaq may grant extension to May 14, 2025 to regain compliance.
If plan rejected, Company can appeal to a Nasdaq hearings panel.

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