SmartKem Inc. announced on August 15, 2025, that it received a notice from the Nasdaq Stock Market's Listing Qualifications Department regarding non-compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. The company's stockholders' deficit of $127,000, as reported in their quarterly report for the period ending June 30, 2025, fell short of the required $2.5 million. Additionally, SmartKem did not meet alternative compliance standards related to market value or net income. The company has until September 29, 2025, to submit a plan to Nasdaq to regain compliance, with the possibility of an extension until February 11, 2026, if the plan is accepted. The letter does not immediately impact the trading of SmartKem's common stock, which will continue to be listed on Nasdaq.
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