---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-097444"
form_type: "8-K"
ticker: "SMTK"
cik: "0001817760"
company_name: "SmartKem, Inc."
filed_at: "2025-10-07T23:59:59+00:00"
generated_at: "2026-05-17T04:28:42.662104+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SmartKem enters non-binding LOI for reverse merger with Jericho Energy Ventures

## Summary
- Jericho stockholders to own 65%, SmartKem stockholders 35% of combined company in all-stock deal.
- Brian Williamson (Jericho CEO) to become CEO of combined company; board majority from Jericho.
- SmartKem may purchase Jericho common shares up to $1M, subject to conditions including $500k minimum by Nov 30, 2025.
- 60-day exclusivity period to negotiate definitive agreement; deal subject to due diligence, stockholder/Nasdaq approvals.
- Also disclosed issuance of up to 500k shares for IR services and prior issuances of 10k shares each in July/Aug/Sep to vendors.

## SEC filing metadata
- accession: 0001104659-25-097444
- form_type: 8-K
- ticker: SMTK
- cik: 0001817760
- company_name: SmartKem, Inc.
- filed_at: 2025-10-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817760/000110465925097444/0001104659-25-097444-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817760/000110465925097444/tm2528045d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-097444
- JSON: https://secwatch.observer/filing/0001104659-25-097444.json
- Plain text: https://secwatch.observer/filing/0001104659-25-097444.txt

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