{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-051601","form_type":"8-K","ticker":"SMTK","cik":"0001817760","company_name":"SmartKem, Inc.","filed_at":"2026-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.983632+00:00","generated_at":"2026-05-15T02:22:34.473208+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SmartKem provides $2.3M bridge loan to Ferrox Critical Minerals with conversion rights","bullets":["$2.3M convertible promissory note to Ferrox; 5% interest, matures Oct 30, 2026.","Conversion price: lower of fair market value or based on $80M total equity value of Ferrox.","Company received $200,000 origination fee; default interest rises to 15% with $4,500/day fee.","SmartKem granted right of first refusal on Ferrox fundamental transactions and exclusivity through maturity.","Negative covenants restrict Ferrox from dividends, asset sales, affiliate deals without consent."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-051601","json":"https://secwatch.observer/filing/0001104659-26-051601.json","markdown":"https://secwatch.observer/filing/0001104659-26-051601.md","text":"https://secwatch.observer/filing/0001104659-26-051601.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817760/000110465926051601/0001104659-26-051601-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817760/000110465926051601/tm2613090d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:22:34.473208+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}