SmartKem is trading at $1.78, up 8.54% in pre-market, with no clearly identified September 25, 2026 company announcement explaining the rise. - Recent coverage highlights SmartKem’s $750,000 retention-bonus plan, tied to advancing its Ferrox transaction and S-4 filing. - SmartKem recently regained Nasdaq minimum-bid compliance, reducing delisting concerns. - The move may reflect renewed merger-related interest, but confirmation is limited.