SmartKem is trading at $2.54 (+10.09%) after Nasdaq confirmed on September 10 that its shares closed above $1.00 for 13 consecutive business days, resolving the minimum-bid deficiency.
- The Nasdaq Listing Qualifications Department considered the matter closed, removing an immediate delisting concern and providing greater listing certainty.
- Broader markets and semiconductor stocks are weaker, making this company-specific catalyst the primary explanation.