{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-011252","form_type":"8-K","ticker":"SMTK","cik":"0001817760","company_name":"SmartKem, Inc.","filed_at":"2026-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.290343+00:00","generated_at":"2026-05-16T04:07:43.594273+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SmartKem converts $2.0M accounts payable to equity at $2.75/share","bullets":["Issued 385,130 shares of common stock and pre-funded warrants for 348,260 shares to satisfy $2,016,821 owed by subsidiary.","No cash consideration paid; all obligations fully discharged upon issuance.","Reduces accounts payable and ongoing cash requirements; strengthens balance sheet.","Securities issued in private transaction exempt from registration under Section 4(a)(2)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-011252","json":"https://secwatch.observer/filing/0001104659-26-011252.json","markdown":"https://secwatch.observer/filing/0001104659-26-011252.md","text":"https://secwatch.observer/filing/0001104659-26-011252.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817760/000110465926011252/0001104659-26-011252-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817760/000110465926011252/tm265435d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T04:07:43.594273+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9caefb3978c0a63772b44a4ac4cf395f24cfd4db","claim":"SmartKem, Inc. entered into Debt Conversion Agreement with SmartKem Limited and a creditor valued at approximately $2,016,821 (effective 2026-02-05).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817760/000110465926011252/0001104659-26-011252-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"SmartKem Limited and a creditor"},{"label":"Value","value":"approximately $2,016,821"},{"label":"Effective","value":"2026-02-05"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}