Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
SmartKem, Inc. issued 385,130 shares of the Company’s common stock of common stock to a creditor for at an ascribed price of $2.75 per share.
- Security
- common stock
- Shares
- 385,130 shares of the Company’s common stock
- Purchaser
- a creditor
- Consideration
- at an ascribed price of $2.75 per share
Exact text from the filing
The Company agreed to issue to the Creditor (i) 385,130 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), at an ascribed price of $2.75 per share
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
SmartKem, Inc. issued pre-funded warrants to purchase 348,260 shares of Common Stock of warrant to a creditor for in satisfaction of approximately $2,016,821 owed to the Creditor.
- Security
- warrant
- Shares
- pre-funded warrants to purchase 348,260 shares of Common Stock
- Purchaser
- a creditor
- Consideration
- in satisfaction of approximately $2,016,821 owed to the Creditor
Exact text from the filing
pre-funded warrants (the “Pre-Funded Warrant”) to purchase 348,260 shares of Common Stock in satisfaction of approximately $2,016,821 owed to the Creditor by SmartKem Limited.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SmartKem, Inc. entered into Debt Conversion Agreement with SmartKem Limited and a creditor valued at approximately $2,016,821 (effective 2026-02-05).
- Action
- entry
- Counterparty
- SmartKem Limited and a creditor
- Value
- approximately $2,016,821
- Effective
- 2026-02-05
Exact text from the filing
On February 5, 2026, SmartKem, Inc. (the “Company”) entered into a debt conversion agreement (the “Debt Conversion Agreement”) with SmartKem Limited, a wholly owned subsidiary of the Company, and a creditor (the “Creditor”), pursuant to which the Company agreed to issue to the Creditor (i) 385,130 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), at an ascribed price of $2.75 per share and (ii) pre-funded warrants (the “Pre-Funded Warrant”) to purchase 348,260 shares of Common Stock in satisfaction of approximately $2,016,821 owed to the Creditor by SmartKem Limited.
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