---
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"
generated_at: "2026-05-16T04:07:43.594273+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SmartKem converts $2.0M accounts payable to equity at $2.75/share

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-011252
- JSON: https://secwatch.observer/filing/0001104659-26-011252.json
- Plain text: https://secwatch.observer/filing/0001104659-26-011252.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1817760/000110465926011252/0001104659-26-011252-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.