SmartKem regains Nasdaq minimum bid compliance
SmartKem, Inc. (SMTK) reports that it has regained compliance with The Nasdaq Capital Market’s minimum bid price listing requirement.
Rhea-AI Filing Summary
SmartKem, Inc. (SMTK) reports that it has regained compliance with The Nasdaq Capital Market’s minimum bid price listing requirement. On September 10, 2026, Nasdaq staff notified the company that, for the 13 consecutive business days from August 21 through September 9, 2026, the closing bid price of its common stock was at or above $1.00 per share, satisfying Nasdaq Listing Rule 5550(a)(2). The staff has deemed the matter closed, and SmartKem’s Nasdaq listing is no longer under this bid-price deficiency notice.
Positive
- Nasdaq bid-price compliance regained: The closing bid price of SMTK common stock met or exceeded $1.00 for 13 consecutive business days (August 21–September 9, 2026), and Nasdaq has confirmed SmartKem is back in compliance with Listing Rule 5550(a)(2), closing the prior deficiency matter.
Negative
- None.
8-K Event Classification
Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
1 item
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Key Figures
Minimum bid price requirement: $1.00 per share
Consecutive business days at or above $1.00: 13 days
Compliance notification date: September 10, 2026
3 metrics
Minimum bid price requirement
$1.00 per share
Nasdaq Listing Rule 5550(a)(2) requirement for continued listing on The Nasdaq Capital Market
Consecutive business days at or above $1.00
13 days
Closing bid price from August 21 through September 9, 2026 met the minimum bid price
Compliance notification date
September 10, 2026
Date Nasdaq staff notified SmartKem that it had regained compliance with Listing Rule 5550(a)(2)
Key Terms
Nasdaq Listing Rule 5550(a)(2), Minimum Bid Price Rule, The Nasdaq Capital Market, Emerging growth company
4 terms
Nasdaq Listing Rule 5550(a)(2) regulatory
"not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2)"
Minimum Bid Price Rule regulatory
"the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”)"
A minimum bid price rule is a stock market requirement that a listed company's share must trade above a set minimum price over a specified period to remain listed on an exchange. It matters to investors because falling below that threshold can trigger warnings, potential delisting, and reduced liquidity—similar to a student needing a passing grade to stay enrolled—making the shares harder to buy, sell, or value accurately.
The Nasdaq Capital Market market
"for continued listing on The Nasdaq Capital Market"
A tier of the Nasdaq stock exchange that hosts smaller or early-stage public companies that meet defined listing standards for size, share price and governance. Think of it as a particular shelf in a store for emerging brands: it gives investors a centralized place to find and trade these stocks while signaling that the companies meet basic regulatory and financial rules. Investors watch it for growth opportunities and higher volatility compared with larger markets.
Emerging growth company regulatory
"Emerging growth company x"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What Nasdaq listing issue did SmartKem, Inc. (SMTK) resolve in this 8-K?
SmartKem resolved a minimum bid price deficiency under Nasdaq Listing Rule 5550(a)(2). Nasdaq confirmed the company regained compliance after its stock closed at or above $1.00 per share for 13 consecutive business days, and the matter is now closed.
When did SMTK’s stock meet Nasdaq’s $1.00 minimum bid requirement?
Nasdaq staff determined that from August 21 through September 9, 2026, the closing bid price for SmartKem’s common stock was $1.00 per share or greater for 13 consecutive business days, satisfying the minimum bid price requirement.
What is the minimum bid price requirement affecting SmartKem (SMTK)?
Under Nasdaq Listing Rule 5550(a)(2), listed securities on The Nasdaq Capital Market must maintain a minimum bid price of $1.00 per share. SmartKem’s common stock met this threshold for 13 straight business days, restoring compliance.
Is the Nasdaq listing compliance matter still open for SmartKem (SMTK)?
No. Nasdaq staff notified SmartKem on September 10, 2026 that the company had regained compliance with the minimum bid price rule, and the staff has deemed the matter closed.
Who signed SmartKem’s Form 8-K regarding Nasdaq compliance?
The Form 8-K was signed on behalf of SmartKem, Inc. by Barbra C. Keck, the company’s Chief Financial Officer, dated September 14, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
