SmartKem raises $680,500 in registered direct offering of common stock and pre-funded warrants

SmartKem, Inc.

Issued 677,129 shares at $0.50/share and 683,871 pre-funded warrants at $0.4999 each to an institutional investor.
Gross proceeds of $680,500; net proceeds to be used for working capital and general corporate purposes.
Pre-funded warrants have exercise price of $0.0001/share and are immediately exercisable, subject to 9.99% beneficial ownership limitation.
Closing occurred on January 30, 2026, under effective shelf registration statement (File No. 333-281608).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SmartKem, Inc. entered into "Purchase Agreement" with an institutional investor valued at $680,500 (effective 2026-01-30).

Action: entry
Agreement: equity purchase
Counterparty: an institutional investor
Value: $680,500
Effective: 2026-01-30

Exact text from the filing

On January 30, 2026, SmartKem, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an institutional investor

View on SEC.gov

299 material agreements filed in the last 30 days. Browse all material agreements →

SmartKem, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-008511

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.