---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-037405"
form_type: "8-K"
ticker: "SMTK"
cik: "0001817760"
company_name: "SmartKem, Inc."
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:13:06.640441+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SmartKem raises ~$9.1M in Series A Preferred & warrant placement; also enters up to $500M ELOC

## Summary
- Private placement of 11,411.5 Series A Preferred shares and 23,251,960 warrants at $0.5812 per share; gross proceeds ~$9.13M.
- Existing $3.75M March Notes can be exchanged at 120% premium into the placement.
- ELOC allows sale of up to $500M common stock at 90% of lowest daily price/VWAP; 10,000 Series A Preferred shares as commitment fee.
- Company believes it now meets Nasdaq $2.5M stockholders' equity requirement; awaits formal confirmation.
- Stockholder vote required to authorize 5B common shares, reverse stock split, and increase equity plan.

## SEC filing metadata
- accession: 0001104659-26-037405
- form_type: 8-K
- ticker: SMTK
- cik: 0001817760
- company_name: SmartKem, Inc.
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817760/000110465926037405/0001104659-26-037405-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817760/000110465926037405/tm2610643d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-037405
- JSON: https://secwatch.observer/filing/0001104659-26-037405.json
- Plain text: https://secwatch.observer/filing/0001104659-26-037405.txt

## Source-grounded claims
- claim_id: 2a5e0ba3f4984b612114efdac9d3226fe56a81fb
  claim: SmartKem, Inc.: Filed Certificate of Designations establishing Series A Convertible Preferred Stock (effective 2026-03-30).
  evidence_excerpt: On March 30, 2026, the Company filed the Certificate of Designations with the Secretary of State of the State of Delaware, establishing the terms of the Series A Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817760/000110465926037405/0001104659-26-037405-index.htm
- claim_id: f5030cc1605b6a67a75d5ff53f492181f5b15f7d
  claim: SmartKem, Inc. entered into Preferred Stock Purchase Agreement with certain institutional investors (effective 2026-03-30).
  evidence_excerpt: On March 30, 2026, SmartKem, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Preferred Stock Purchase Agreement") with certain institutional investors (collectively, the "Buyers"),
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817760/000110465926037405/0001104659-26-037405-index.htm

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