SmartKem raises $1.0M in additional closing of Series A Preferred and Warrants; amends agreement to add buyer

SmartKem, Inc.

On July 16, 2026, SmartKem issued 1,250 Series A Preferred shares and 2,688,404 Warrants for $1.0M in cash.
Amendment No. 1 to the Securities Purchase Agreement allows a new buyer to join and reallocates shares among existing buyers.
The aggregate number of additional shares available for purchase remains unchanged at 10,000 Series A Preferred shares.
Securities issued in a private placement exempt from registration under Section 4(a)(2) and Rule 506 of Regulation D.

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