{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-007568","form_type":"8-K","ticker":"SMTK","cik":"0001817760","company_name":"SmartKem, Inc.","filed_at":"2024-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.662985+00:00","generated_at":"2026-06-06T16:03:29.569024+00:00","sec_items":["1.01","5.03","3.02","3.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"SmartKem converts 90% of Series A-1 Preferred into common stock and warrants; amends terms","bullets":["Converted 4,220 Series A-1 shares into 482,293 common shares; exchanged 5,743 shares for Class C warrants covering 656,344 shares.","Stated value increased from $1,000 to $10,000 per share; conversion price adjusted to $87.50.","Series A-1 voting rights removed except as required by law; negative covenants added on debt, liens, and affiliate transactions.","Registration Rights Agreement requires filing of resale registration by April 11, 2024 or 10 days after 10-K filing.","Amended Purchase Agreement to reflect the reverse split and new stated value; holding periods under Rule 144 preserved."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-007568","json":"https://secwatch.observer/filing/0001104659-24-007568.json","markdown":"https://secwatch.observer/filing/0001104659-24-007568.md","text":"https://secwatch.observer/filing/0001104659-24-007568.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817760/000110465924007568/0001104659-24-007568-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817760/000110465924007568/tm243081d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:03:29.569024+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3cf6cede9b12f70604908039bfca02ebc4519a10","claim":"SmartKem, Inc.: Filed Amended and Restated Series A-1 Certificate of Designation designating 11,100 shares of Series A-1 Preferred Stock (effective 2024-01-29).","evidence_excerpt":"On January 29, 2024, the Company filed the Amended and Restated Series A-1 Certificate of Designation with the Secretary of State of the State of Delaware designating 11,100 shares of Series A-1 Preferred Stock, stated value $10,000 per share.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817760/000110465924007568/0001104659-24-007568-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-01-29"}],"fact_type":"governance_change"},{"claim_id":"634b101c209483b4135d8957322ac5ced4ceeacf","claim":"SmartKem, Inc. amended Consent, Conversion and Amendment Agreement with holders of Series A-1 Preferred Stock (effective 2023-01-26).","evidence_excerpt":"On January 26, 2023, the Company entered into a Consent, Conversion and Amendment Agreement (the “Consent Agreement”) with each holder of the Series A-1 Preferred Stock (each a “Holder” and together, the “Holders”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817760/000110465924007568/0001104659-24-007568-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"holders of Series A-1 Preferred Stock"},{"label":"Effective","value":"2023-01-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}