Form 8-K

8-K — SmartKem, Inc.

Accession: 0001104659-26-047274

Filed: 2026-04-23

Period: 2026-04-21

CIK: 0001817760

SIC: 3674 (SEMICONDUCTORS & RELATED DEVICES)

Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item: Financial Statements and Exhibits

Documents

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities

Exchange Act of 1934

Date of Report (Date of earliest event reported):

April 21, 2026

SmartKem, Inc.

(Exact name of registrant as specified in its

charter)

Delaware

001-42115

85-1083654

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

Manchester

Technology Center, Hexagon Tower

Delaunays

Road, Blackley

Manchester,

M9 8GQ U.K.

(Address of principal executive offices, including

zip code)

011-44-161-721-1514

(Registrant’s telephone number, including

area code)

N/A

(Former name or former address, if changed since

last report)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant

to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant

to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications

pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications

pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to

Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of exchange on which registered

Common

Stock, par value $0.0001 per share

SMTK

The Nasdaq Stock

Market LLC

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b - 2 of

the Securities Exchange Act of 1934 (§240.12b - 2 of this chapter).

Emerging

growth company x

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 3.01. Other Events.

On April 21, 2026, SmartKem Inc.

(the “Company”) was formally notified that the Nasdaq Hearings Panel (the “Panel”) determined that the Company

has regained compliance with the stockholders’ equity requirement set forth in Nasdaq Listing Rule 5550(b)(2) and has otherwise

evidenced compliance with all other applicable criteria for continued listing on The Nasdaq Capital Market. The Company remains subject

to a grace period, through September 1, 2026, to regain compliance with the bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).

The Company was also notified

that it will remain subject to a one-year Disretionary Panel Monitor pursuant to Nasdaq Listing Rule 5815(d)(4)(A). If the Company fails

to comply with any of the applicable continued listing criteria during the one-year period the Company would not be permitted to submit

a compliance plan nor would it be afforded an otherwise applicable grace period to regain compliance. Rather, the Nasdaq Listing Qualifications

Staff would issue a delist determination which the Company could then appeal by requesting a hearing before a Panel. Such request would

generally serve to stay any further suspension or delisting action pending the conclusion of the hearing process.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibits

Description

104

Cover Page Interactive Data 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: April 23, 2026

By:

/s/ Barbra

C. Keck

Barbra C. Keck

Chief Financial Officer

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Entity File Number

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Entity Registrant Name

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Entity Central Index Key

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Entity Tax Identification Number

85-1083654

Entity Incorporation, State or Country Code

Entity Address, Address Line One

Manchester

Technology Center, Hexagon Tower

Entity Address, Address Line Two

Delaunays

Road

Entity Address, Address Line Three

Blackley

Entity Address, City or Town

Manchester

Entity Address, Country

Entity Address, Postal Zip Code

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City Area Code

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Local Phone Number

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