---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-129550"
form_type: "8-K"
ticker: "SMTK"
cik: "0001817760"
company_name: "SmartKem, Inc."
filed_at: "2024-12-18T23:59:59+00:00"
generated_at: "2026-05-29T02:04:21.098615+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SmartKem amends Series A-1 Preferred terms and settles Hewlett dispute, contingent on $4M offering

## Summary
- Consent agreement reduces Series A-1 conversion price to $4.34, removes dividends and liquidation preference, effective upon a Qualified Offering raising at least $4M.
- Hewlett Fund releases all claims in exchange for 750,000 Class C Warrants, effective at the same time as the Qualified Offering.
- Variable-rate transaction ban extended to 18 months after Qualified Offering; lower price issuance threshold set at $4.00 per share.
- No Qualified Offering has occurred; if none, amendments and Hewlett Settlement will not take effect.
- Consenting holders include AIGH Investment Partners and others; they waived rights and consented to the offering and settlement.

## SEC filing metadata
- accession: 0001104659-24-129550
- form_type: 8-K
- ticker: SMTK
- cik: 0001817760
- company_name: SmartKem, Inc.
- filed_at: 2024-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817760/000110465924129550/0001104659-24-129550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817760/000110465924129550/tm2431273d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-129550
- JSON: https://secwatch.observer/filing/0001104659-24-129550.json
- Plain text: https://secwatch.observer/filing/0001104659-24-129550.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.