SmartKem, Inc. 8-K

What Happened

• SmartKem, Inc. (SMTK) filed an 8-K on Feb 13, 2026 reporting that Nasdaq’s Listing Qualifications Staff determined the company does not meet the $2.5 million stockholders’ equity requirement under Nasdaq Listing Rule 5550(b).
• The company originally received a non-compliance notice on Aug 15, 2025, submitted a compliance plan and was granted a 180‑day extension through Feb 11, 2026. On Feb 12, 2026 the Staff informed SmartKem it had determined to delist the company’s securities unless SmartKem timely requests a hearing before the Nasdaq Hearings Panel.
• SmartKem states it will timely request a hearing, which will stay any suspension or delisting action pending the hearing and any Panel extension, but cautions there is no assurance the Panel will grant an extension or that the company will regain compliance.

Key Details

• Nasdaq equity requirement at issue: $2.5 million stockholders’ equity (Rule 5550(b)).
• Initial Nasdaq notice received: August 15, 2025.
• Extension granted after plan submission: 180 calendar days, through February 11, 2026.
• Staff’s delisting determination communicated: February 12, 2026; company will request a hearing to stay delisting.

Why It Matters

• A delisting determination signals Nasdaq believes SmartKem currently does not meet minimum listing standards; a delisting could reduce liquidity, limit investor access, and negatively affect the market price of SmartKem shares.
• Requesting a hearing pauses immediate delisting actions, giving SmartKem time to seek an extension or demonstrate compliance, but the filing makes clear there is no guarantee the Panel will grant relief or that the company will regain compliance. Investors should monitor the hearing outcome and any further filings for updates.