Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SmartKem, Inc. incurred senior notes of $1,100,000 with the Purchasers at do not bear interest prior to an event of default. If an event of default occurs maturing April 30, 2026.
- Instrument
- senior notes
- Principal
- $1,100,000
- Counterparty
- the Purchasers
- Rate
- do not bear interest prior to an event of default. If an event of default occurs
- Maturity
- April 30, 2026
- Event
- incurrence
Exact text from the filing
On October 31, 2025, SmartKem, Inc. (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain purchasers (the “Purchasers”), pursuant to which the Company issued and sold to the Purchasers in a private placement: (i) Senior Secured Notes (the “Notes”) in the aggregate principal amount of $1,100,000
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
SmartKem, Inc. issued 400,000 shares of the Company's common stock of common stock to certain purchasers for $1,000,000 aggregate purchase price.
- Security
- common stock
- Shares
- 400,000 shares of the Company's common stock
- Purchaser
- certain purchasers
- Consideration
- $1,000,000 aggregate purchase price
Exact text from the filing
On October 31, 2025, SmartKem, Inc. (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain purchasers (the “Purchasers”), pursuant to which the Company issued and sold to the Purchasers in a private placement: (i) Senior Secured Notes (the “Notes”) in the aggregate principal amount of $1,100,000 and (ii) warrants (the “Warrants”) exercisable for up to an aggregate of 400,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at an exercise price of $2.75 per share for an aggregate purchase price of $1,000,000.
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