UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Title of each class | Trading Symbol(s) | Name of exchange on which registered | ||
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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| Item 8.01. | Other Events. |
On May 30, 2024, the Company received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC approving the listing of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), on the Nasdaq Capital Market effective at the opening of trading on May 31, 2024 (the “Uplisting”). The Company issued a press release on May 30, 2024 announcing the Uplisting, which press release is attached as Exhibit 99.1 hereto.
Pursuant to the terms of the Company’s Series A-2 Convertible Preferred Stock, stated value $1,000 per share (“Series A-2 Preferred Stock), effective at 4:00 P.M. (New York time) on May 30, 2024, the trading day immediately prior to the Uplisting, the remaining 2,411 outstanding shares of Series A-2 Preferred Stock automatically converted (the “Automatic Conversion”) into an aggregate of 275,576 shares of Common Stock. As of May 31, 2024, after giving effect to the Automatic Conversion, the Company had 1,713,900 shares of Common Stock issued and outstanding.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits:
| Exhibit No. | Description | |
| 99.1 | Press Release, dated May 30, 2024. | |
| 104 | Cover Page Interactive Date 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: May 31, 2024 | By: | /s/ Barbra C. Keck |
| Barbra C. Keck | ||
| Chief Financial Officer | ||