secwatch.observer — SEC 8-K summary
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Issuer:     SmartKem, Inc. (SMTK)
CIK:        0001817760
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001104659-24-130523
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smartkem prices $7.65M combined public and private offering of common stock and warrants
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- Gross proceeds of ~$7.65M from combined public and private offerings priced at $3.00 per share/unit.
- Offering comprises 1,449,997 registered shares + Class D warrants in public offering; 169,784 unregistered shares, 930,215 pre-funded warrants, and 1,099,999 Class D warrants in private placement.
- Class D warrants exercisable at $3.00, expire Dec 31, 2025; pre-funded warrants exercisable at $0.0001 per share.
- Concurrently amended Series A-1 Preferred Stock: removed dividends, liquidation preference, reduced conversion price to $4.34, and blocked conversion until registration effective.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817760/000110465924130523/0001104659-24-130523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817760/000110465924130523/tm2431416d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-130523

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer