SmartKem extends LOI exclusivity with Jericho Energy to Feb 3, 2026; capital requirement deadline moved to Dec 31, 2025

SmartKem, Inc.

Exclusivity period for negotiating definitive agreement extended to February 3, 2026.
SmartKem must purchase at least $500,000 of Jericho common shares by December 31, 2025, or Jericho can terminate LOI.
LOI remains non-binding; all other terms unchanged.

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