false
0001817760
0001817760
2026-04-21
2026-04-21
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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):
April 21, 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.) |
Manchester
Technology Center, Hexagon Tower
Delaunays
Road, Blackley
Manchester,
M9 8GQ U.K.
(Address of principal executive offices, including
zip code)
011-44-161-721-1514
(Registrant’s telephone number, including
area 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 3.01. Other Events.
On April 21, 2026, SmartKem Inc.
(the “Company”) was formally notified that the Nasdaq Hearings Panel (the “Panel”) determined that the Company
has regained compliance with the stockholders’ equity requirement set forth in Nasdaq Listing Rule 5550(b)(2) and has otherwise
evidenced compliance with all other applicable criteria for continued listing on The Nasdaq Capital Market. The Company remains subject
to a grace period, through September 1, 2026, to regain compliance with the bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
The Company was also notified
that it will remain subject to a one-year Disretionary Panel Monitor pursuant to Nasdaq Listing Rule 5815(d)(4)(A). If the Company fails
to comply with any of the applicable continued listing criteria during the one-year period the Company would not be permitted to submit
a compliance plan nor would it be afforded an otherwise applicable grace period to regain compliance. Rather, the Nasdaq Listing Qualifications
Staff would issue a delist determination which the Company could then appeal by requesting a hearing before a Panel. Such request would
generally serve to stay any further suspension or delisting action pending the conclusion of the hearing process.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibits |
Description |
| |
|
| 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: April 23, 2026 |
By: |
/s/ Barbra
C. Keck |
| |
|
Barbra C. Keck |
| |
|
Chief Financial Officer |
