---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-087085"
form_type: "8-K"
ticker: "SMTK"
cik: "0001817760"
company_name: "SmartKem, Inc."
filed_at: "2026-07-27T20:05:33+00:00"
generated_at: "2026-07-27T20:07:55.437171+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SmartKem provides $4.5M bridge loan to Ferrox Critical Minerals; raises $2M in preferred stock sale

## Summary
- Funded $4.5M convertible promissory note to Ferrox Critical Minerals, due Jan 31, 2027, at 5% interest, convertible at lower of fair market value or $80M equity value.
- Received $400,000 origination fee; default interest rate 15% and $4,500/day management fee.
- Closed $2.0M additional sale of 2,500 Series A Preferred shares and 5,377,025 warrants on July 24, 2026, under existing $17.1M facility.
- As of July 27, 2026, common shares outstanding: 25,862,643.

## SEC filing metadata
- accession: 0001104659-26-087085
- form_type: 8-K
- ticker: SMTK
- cik: 0001817760
- company_name: SmartKem, Inc.
- filed_at: 2026-07-27T20:05:33+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817760/000110465926087085/0001104659-26-087085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817760/000110465926087085/tm2621383d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-087085
- JSON: https://secwatch.observer/filing/0001104659-26-087085.json
- Plain text: https://secwatch.observer/filing/0001104659-26-087085.txt

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