SmartKem amends March Series A financing terms: warrants increased to 24.5M, exercise price cut to $0.5812

SmartKem, Inc.

Amends 8-K filed March 30, 2026; original warrant count of 23,251,960 corrected to 24,542,982.
Warrant exercise price corrected from $0.6135 to $0.5812, matching the Series A Preferred conversion price.
No other changes; financing includes 11,411.5 Series A Preferred shares and warrants with a 5-year (est) term.
Correction increases potential dilution by ~1.3M shares and lowers the warrant strike by ~5.3%.

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 Securities Purchase Agreement with certain institutional investors (collectively, the "Buyers") (effective 2026-03-30).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors (collectively, the "Buyers")
Effective: 2026-03-30

Exact text from the filing

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")

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SmartKem, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-046807

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