SmartKem enacts 1-for-50 reverse stock split

Q: What reverse stock split did SmartKem, Inc. (SMTK) implement?

SmartKem, Inc. implemented a 1-for-50 reverse stock split of its issued and outstanding common stock, meaning every fifty shares were converted into one share at the effective time.

Q: When did the SMTK reverse stock split become effective?

The reverse stock split for SMTK became effective at 5:00 p.m. Eastern Time on August 20, 2026, when the Certificate of Amendment filed in Delaware took effect.

Q: How are fractional shares treated in the SMTK reverse stock split?

No fractional shares are issued in the SMTK reverse stock split. Any fractional share resulting from the 1-for-50 conversion will be rounded up to the next whole share.

Q: Did the SMTK reverse stock split change the par value or authorized shares?

The reverse stock split did not change SmartKem’s $0.0001 par value per share and did not affect the authorized number of shares of common stock.

Q: Who is the exchange agent for the SMTK reverse stock split?

Equiniti Trust Company, LLC is acting as the exchange agent for SmartKem’s 1-for-50 reverse stock split.

SmartKem, Inc. (SMTK) amended its Certificate of Incorporation to implement a 1-for-50 reverse stock split of its issued and outstanding common stock.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

SmartKem, Inc. (SMTK) amended its Certificate of Incorporation to implement a 1-for-50 reverse stock split of its issued and outstanding common stock. The amendment became effective at 5:00 p.m. Eastern Time on August 20, 2026.

At the effective time, every fifty shares of common stock were converted into one share. No fractional shares will be issued; any fractional share will be rounded up to the next whole share. The par value of the common stock remains $0.0001 per share, and the authorized number of shares of common stock is unchanged. Outstanding stock options, warrants, and the number of shares reserved under the equity incentive plan will all be adjusted proportionately.

Filing Explained

The completed 1-for-50 reverse split reduces the number of issued shares while leaving the authorized share count unchanged. The split itself does not change company value, but the unchanged authorization represents more potential shares relative to the reduced issued share base.

8-K Event Classification

2 items: 5.03, 9.01

2 items

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance

The company amended its charter documents, bylaws, or changed its fiscal year.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Reverse stock split ratio: 1-for-50 Effective time of reverse stock split: 5:00 p.m. Eastern Time Par value per share: $0.0001 per share +1 more

4 metrics

Reverse stock split ratio 1-for-50 Every fifty shares of issued and outstanding common stock converted into one share at the Effective Time

Effective time of reverse stock split 5:00 p.m. Eastern Time Effective Time on August 20, 2026 for the reverse stock split

Par value per share $0.0001 per share Par value of SmartKem common stock, unchanged by the reverse stock split

Reverse stock split effective date August 20, 2026 Date the Certificate of Amendment became effective

Key Terms

Reverse Stock Split, Certificate of Amendment, par value, equity incentive plan, +1 more

5 terms

Reverse Stock Split financial

"to effectuate a reverse stock split (the “Reverse Stock Split”) of its issued"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

Certificate of Amendment regulatory

"filed a Certificate of Amendment to its Certificate of Incorporation"

A certificate of amendment is an official filing that updates a company’s founding documents—its legal “rulebook” that sets share structure, voting rules, name and basic purpose. Think of it like changing the blueprint of a building: small changes are paperwork, big ones can alter who owns how much and who controls decisions. Investors watch these filings because they can affect share counts, voting power, dilution and company value.

par value financial

"common stock, par value $0.0001 per share (“Common Stock”)"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

equity incentive plan financial

"number of shares authorized and reserved for issuance pursuant to the Company’s equity incentive plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

exchange agent financial

"Equiniti Trust Company, LLC acted as the exchange agent for the Reverse Stock Split"

An exchange agent is a third party appointed to handle the practical steps when securities are being swapped, such as during mergers, tender offers, or restructurings. Think of it as a trusted post office that collects old shares, verifies ownership, completes required paperwork and regulatory filings, and delivers the new shares or cash to investors; its efficiency and accuracy affect how quickly and safely investors receive the value they're owed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What reverse stock split did SmartKem, Inc. (SMTK) implement?

SmartKem, Inc. implemented a 1-for-50 reverse stock split of its issued and outstanding common stock, meaning every fifty shares were converted into one share at the effective time.

When did the SMTK reverse stock split become effective?

The reverse stock split for SMTK became effective at 5:00 p.m. Eastern Time on August 20, 2026, when the Certificate of Amendment filed in Delaware took effect.

How are fractional shares treated in the SMTK reverse stock split?

No fractional shares are issued in the SMTK reverse stock split. Any fractional share resulting from the 1-for-50 conversion will be rounded up to the next whole share.

Did the SMTK reverse stock split change the par value or authorized shares?

The reverse stock split did not change SmartKem’s $0.0001 par value per share and did not affect the authorized number of shares of common stock.

What happens to SMTK stock options, warrants, and equity plan shares after the reverse split?

SmartKem states that the per share exercise price and number of shares issuable under all outstanding stock options and warrants, and the number of shares authorized and reserved under its equity incentive plan, will be adjusted proportionately to reflect the 1-for-50 reverse stock split.

Who is the exchange agent for the SMTK reverse stock split?

Equiniti Trust Company, LLC is acting as the exchange agent for SmartKem’s 1-for-50 reverse stock split.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 08/21/2026 - 04:06 PM EDT Accepted by SEC EDGAR 08/21/2026 - 04:05 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 20, 2026

SmartKem, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-42115

85-1083654

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

3 Germay Drive, Unit 4 #1029

Wilmington, DE, 19804

(Address of principal executive offices, including zip code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of exchange on which registered
Common Stock, par value $0.0001 per share		SMTK		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b - 2 of the Securities Exchange Act of 1934 (§240.12b - 2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Changes in Fiscal Year.

On August 20, 2026, SmartKem, Inc. (the “Company”) filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware (the “Certificate of Amendment”) to effectuate a reverse stock split (the “Reverse Stock Split”) of its issued and outstanding shares of its common stock, par value $0.0001 per share (“Common Stock”), on a 1-for-50 basis. The Certificate of Amendment became effective at 5:00 p.m. (Eastern Time) on August 20, 2026 (the “Effective Time”). As of the Effective Time, every fifty shares of issued and outstanding Common Stock were converted into one share of Common Stock. No fractional shares were issued in connection with the Reverse Stock Split. Instead, any fractional share resulting from the Reverse Split will be rounded up to the next whole share. The Company’s transfer agent, Equiniti Trust Company, LLC acted as the exchange agent for the Reverse Stock Split. The Reverse Stock Split did not alter the par value of the Company’s Common Stock. The Reverse Stock Split did not impact the authorized number of shares of Common Stock. In addition, pursuant to their terms, a proportionate adjustment was made to the per share exercise price and number of shares issuable under all of the Company’s outstanding stock options and warrants to purchase shares of Common Stock, and the number of shares authorized and reserved for issuance pursuant to the Company’s equity incentive plan will be reduced proportionately.

A copy of the Certificate of Amendment is attached as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference. The foregoing description of the Reverse Stock Split does not purport to be complete and is qualified in its entirety by reference to such exhibit, which is incorporated by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibits	Description
3.1	Certificate of Amendment of Certificate of Incorporation
104	Cover Page Interactive Data File (Embedded within the Inline XBRL document)

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SMARTKEM, INC.

Dated: August 21, 2026	By:	/s/ Barbra C. Keck
		Barbra C. Keck
		Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents