SmartKem, Inc. (OTCQB: SMTK), a company at the forefront of reshaping the electronics industry with its innovative organic thin-film transistors (OTFTs) poised to drive the future generation of displays, has provided an update regarding the previously announced one-for-thirty-five (1:35) reverse stock split of the Company's outstanding Common Stock. This reverse stock split, originally scheduled for September 20, 2023, will now be implemented on September 21, 2023, following further discussions with FINRA (Financial Industry Regulatory Authority).

As of September 21, 2023, the Company's common stock is expected to trade on a post-split basis starting at the market open at 9:30 a.m. under the existing trading symbol "SMTK." The CUSIP number assigned to the common stock after the reverse stock split will be 83193D203.

Source: prnewswire.com