---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-078247"
form_type: "8-K"
ticker: "SMTK"
cik: "0001817760"
company_name: "SmartKem, Inc."
filed_at: "2026-06-26T20:05:36+00:00"
generated_at: "2026-06-26T20:08:51.076235+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SmartKem raises $4M from additional Series A preferred closing and extends $2.5M bridge loan to Ferrox

## Summary
- Issued 5,000 Series A preferred shares and 10,753,615 warrants for $4.0M cash in an additional closing.
- Funded a $2.5M convertible promissory note to Ferrox Critical Minerals, bearing 5% interest, maturing Dec 31, 2026.
- Loan conversion price is lower of FMV per share or value based on $80M fully-diluted Ferrox equity.
- Ferrox granted SmartKem exclusivity on fundamental transactions through Dec 31, 2026 and a right of first refusal.
- The new loan adds to a previously announced $2.5M convertible note from April 23, 2026.

## SEC filing metadata
- accession: 0001104659-26-078247
- form_type: 8-K
- ticker: SMTK
- cik: 0001817760
- company_name: SmartKem, Inc.
- filed_at: 2026-06-26T20:05:36+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817760/000110465926078247/0001104659-26-078247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817760/000110465926078247/tm2618924d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-078247
- JSON: https://secwatch.observer/filing/0001104659-26-078247.json
- Plain text: https://secwatch.observer/filing/0001104659-26-078247.txt

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