SmartKem, Inc. Announces 1-for-50 Reverse Stock Split

What Happened SmartKem, Inc. announced it will implement a 1-for-50 reverse split of its common stock, which was authorized by shareholders at the company’s Annual Meeting on June 23, 2026. The Reverse Split will be effective after market close on August 20, 2026, and shares will begin trading on a post-split basis on The Nasdaq Stock Market at market open on August 21, 2026. The company also disclosed a new CUSIP: 83193D302. The par value of the common stock will remain $0.0001.

Key Details

• Reverse split ratio: 1-for-50.
• Shareholder approval: granted at Annual Meeting on June 23, 2026.
• Effective date/time: after market close August 20, 2026; post-split trading begins August 21, 2026.
• CUSIP change to 83193D302; par value unchanged ($0.0001).
• Fractional shares: no fractional shares will be issued; the company will issue one whole share to any stockholder who otherwise would have been entitled to a fractional share, which may slightly affect total shares outstanding.
• Proportionate adjustments will be made to outstanding equity awards, warrants, exercise/conversion prices and plan share limits.

Why It Matters A reverse stock split reduces the number of outstanding shares and increases the per-share price while generally leaving each holder’s ownership percentage unchanged (except for small changes from the fractional-share treatment). Investors should note the timing (post-market Aug 20 / trading Aug 21), the CUSIP change, and that option/award strike prices and share counts will be adjusted proportionally. These are mechanical changes to the share structure; the filing does not state any other operational or financial changes.