SmartKem is trading 7.57% up at $2.48 after Nasdaq confirmed its shares regained compliance with the exchange’s $1.00 minimum-bid requirement.
- Shares closed at or above $1.00 for 13 consecutive business days from August 21 through September 9.
- The company resolved the issue under Nasdaq Listing Rule 5550(a)(2).
- The company-specific catalyst is outweighing broad weakness in semiconductor stocks and the wider market.