Series A-1 Preferred Stock converts to 690,788 common shares and 1,282,412 warrants

SmartKem, Inc.

856 shares of Series A-1 Preferred Stock (stated value $10,000/share) automatically converted on May 7, 2025.
Conversion yielded 690,788 shares of Common Stock and Class C warrants to purchase 1,282,412 shares at $0.0001/share.
Following conversion, Company had 4,431,165 shares of Common Stock issued and outstanding.

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