SmartKem announces 1-for-50 reverse stock split to maintain Nasdaq listing

SmartKem, Inc.

1-for-50 reverse split effective Aug 20, 2026 at 5:00 p.m. ET; split-adjusted trading begins Aug 21 on Nasdaq Capital Market
Split reduces outstanding shares proportionally; authorized shares unchanged; fractional shares rounded up to nearest whole share
CUSIP changes to 83193D302; par value unchanged; Equiniti serving as exchange agent
Split intended to satisfy Nasdaq minimum bid price requirement for continued listing
Proportionate adjustments to equity awards, warrants, and equity incentive plan shares

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