Highest-materiality recent filing
Issued 5,000 Series A preferred shares and 10,753,615 warrants for $4.0M cash in an additional closing.
Authorized common shares increased from 300M to 5B (Proposal 5: 13.3M for, 1.0M against).
SmartKem places UK subsidiary into creditors' voluntary liquidation; parent continues operations
Wholly owned UK subsidiary SmartKem, Ltd. enters creditors' voluntary liquidation; administrator appointed.
SmartKem provides $2.3M bridge loan to Ferrox Critical Minerals with conversion rights
$2.3M convertible promissory note to Ferrox; 5% interest, matures Oct 30, 2026.
SmartKem regains Nasdaq equity compliance; faces bid price grace period through Sep 1, 2026
Nasdaq panel determined SmartKem regained compliance with stockholders' equity requirement under Rule 5550(b)(2).
Amends 8-K filed March 30, 2026; original warrant count of 23,251,960 corrected to 24,542,982.
SmartKem raises ~$9.1M in Series A Preferred & warrant placement; also enters up to $500M ELOC
Private placement of 11,411.5 Series A Preferred shares and 23,251,960 warrants at $0.5812 per share; gross proceeds ~$9.13M.
SmartKem issues $3.75M senior secured notes at 30% discount; settles prior noteholder disputes
Issued $3.75M senior secured notes (30% OID) for $2.625M; zero interest unless default then 14% p.a.; 6-month maturity.
SmartKem receives Nasdaq bid price deficiency notice; equity rule delisting appeal pending
Received Nasdaq notice on March 5, 2026 for failing minimum bid price of $1.00 over 30 consecutive trading days.
SmartKem receives Nasdaq delisting notice for equity non-compliance; plans hearing
Nasdaq notified SmartKem on Feb 12, 2026 of delisting due to failure to meet $2.5M stockholders' equity requirement.
SmartKem converts $2.0M accounts payable to equity at $2.75/share
Issued 385,130 shares of common stock and pre-funded warrants for 348,260 shares to satisfy $2,016,821 owed by subsidiary.
SmartKem raises $680,500 in registered direct offering of common stock and pre-funded warrants
Issued 677,129 shares at $0.50/share and 683,871 pre-funded warrants at $0.4999 each to an institutional investor.
SmartKem Q3 revenue $81k, operating loss $3.1M; cash $0.9M; bridge financing secured
Revenue $81k (up from $40k YoY); operating loss $3.1M vs $2.8M.
SmartKem issues $1.1M secured notes, warrants; curtails operations due to cash need
Issued $1.1M principal Senior Secured Notes and warrants for 400K shares at $2.75 exercise price for $1M total.
SmartKem enters non-binding LOI for reverse merger with Jericho Energy Ventures
Jericho stockholders to own 65%, SmartKem stockholders 35% of combined company in all-stock deal.
SmartKem receives Nasdaq delisting notice for stockholders' deficit of ($127k)
Stockholders' deficit of ($127,000) as of June 30, 2025, below Nasdaq minimum of $2.5M.
SmartKem Q2 cash $1.2M, expects to fund operations only through Sep 30, 2025
Cash of $1.2M at June 30, 2025, down from $7.1M at Dec 31, 2024; runway through Sep 30 only.
Smartkem Q1 revenue $23K; operating loss widens to $3.1M; cash drops to $3.9M
Revenue of $23K for Q1 2025 vs nil in Q1 2024; loss from operations $3.1M vs $2.4M.
Series A-1 Preferred Stock converts to 690,788 common shares and 1,282,412 warrants
856 shares of Series A-1 Preferred Stock (stated value $10,000/share) automatically converted on May 7, 2025.
SmartKem reports FY 2024 revenue of $82K, cash $7.1M; advances MicroLED partnerships
Revenue $82K for FY 2024, up from $27K in 2023, driven by demonstrator product sales.
Smartkem signs MOU with RiTdisplay to integrate OTFT process into Gen2.5 pilot line
Smartkem (SMTK) and RiTdisplay signed non-binding MOU to transfer OTFT prototyping to RiTdisplay's Gen2.5 commercial line.
SmartKem raises ~$6.6M, believes it regains Nasdaq equity compliance
Completed offering on Dec 20, 2024, issuing shares and warrants for ~$6.6M net proceeds.
Smartkem prices $7.65M combined public and private offering of common stock and warrants
Gross proceeds of ~$7.65M from combined public and private offerings priced at $3.00 per share/unit.
SmartKem amends Series A-1 Preferred terms and settles Hewlett dispute, contingent on $4M offering
Consent agreement reduces Series A-1 conversion price to $4.34, removes dividends and liquidation preference, effective upon a Qualified Offering raising at least $4M.
SmartKem partners with AUO to develop rollable transparent microLED display using OTFTs
Collaboration begins Jan 1, 2025 on ITRI's Gen 2.5 pilot line; each party bears own costs.
SmartKem receives Nasdaq deficiency notice for stockholders' equity below $2.5M
Stockholders' equity of $2.3M as of Sept 30, 2024, below Nasdaq's $2.5M minimum requirement.
SmartKem Q3 cash drops to $1.8M; revenues nil; JDA with Chip Foundation for microLED backlight
Cash and equivalents $1.8M as of Sep 30, 2024, down from $8.8M at Dec 31, 2023.
SmartKem reports Q2 2024 revenue of $40K, net loss of $3.1M; cash drops to $4.4M
Revenue $40K (up from $8K Q2 2023); gross profit $8K.
Effective March 10, 2025, SmartKem, Inc. (the “Company”) appointed Jonathan Watkins as its Chief Operating Officer.
Effective November 21, 2023, Barbra C. Keck resigned as a member of the Board of Directors (the “Board”) of SmartKem, Inc. (the “Company”).
Effective November 21, 2023, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board appointed Melisa A. Denis, age 60, to serve as a Class III director of the Company to fill the vacancy created by Ms. Keck’s resignation.
the Board approved, effective immediately, an increase in the size of the Board from four directors to five directors and appointed Sriram Peruvemba, age 58, to serve as a Class II director to fill the newly-created vacancy.
Effective February 9, 2023, SmartKem, Inc. (the “Company”) terminated the employment of Nigel Prue, the Company’s Chief Accounting Officer.
Effective December 14, 2022, SmartKem, Inc. (the “Company”) appointed Barbra C. Keck as the Company’s Chief Financial Officer.
On September 19, 2022, Robert Bahns resigned as Chief Financial Officer and as a member of the board of directors (the “Board”) of SmartKem, Inc. (the “Company”).
appointed Nigel Prue, the Company’s Finance Director, as the Company’s Chief Accounting Officer, effective immediately
Max materiality 0.85 · Median 0.60 · Most common event other_material