{"filing":{"accession_number":"0001104659-26-078247","cik":"0001817760","ticker":"SMTK","company_name":"SmartKem, Inc.","form":"8-K","filing_date":"2026-06-26","report_date":null,"primary_document":"tm2618924d2_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1817760/000110465926078247/tm2618924d2_8k.htm"},"events":[{"id":14214,"run_id":12643,"accession_number":"0001104659-26-078247","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"SmartKem funded a $2.5 million convertible promissory note to Ferrox on June 22, 2026, creating a direct financial obligation with 5% interest, maturity on December 31, 2026, and conversion rights into Ferrox ordinary shares.","company_name":"SmartKem, Inc.","ticker":"SMTK","filing_date":"2026-06-26","form":"8-K","submitted_at":null,"items":[{"id":11579,"accession_number":"0001104659-26-078247","item_number":"1.01","item_title":"Entry into a","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"SmartKem funded a $2.5 million convertible promissory note to Ferrox on June 22, 2026, creating a direct financial obligation with specified terms including 5% interest, maturity on December 31, 2026, and conversion rights into Ferrox ordinary shares. While the note is convertible (which could suggest a dilutive issuance perspective), the primary disclosed action is SmartKem's creation of a new debt instrument it holds, making this a debt issuance by the borrower (Ferrox) rather than a dilutive equity issuance by SmartKem itself. The materiality is clear given the $2.5 million principal amount and the detailed covenants and conversion provisions disclosed.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-26T20:08:19.414680+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":14215,"run_id":12643,"accession_number":"0001104659-26-078247","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"SmartKem issued 5,000 shares of Series A convertible preferred stock and 10,753,615 warrants in a private placement on June 22, 2026, raising approximately $4.0 million in cash under Section 4(a)(2) and Regulation D Rule 506.","company_name":"SmartKem, Inc.","ticker":"SMTK","filing_date":"2026-06-26","form":"8-K","submitted_at":null,"items":[{"id":11580,"accession_number":"0001104659-26-078247","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"SmartKem issued 5,000 shares of Series A convertible preferred stock and 10,753,615 warrants in a private placement on June 22, 2026, raising approximately $4.0 million in cash. The securities were issued unregistered under Section 4(a)(2) and Regulation D Rule 506, which is the classic structure for a dilutive private placement. The convertible preferred stock and warrants represent significant dilution to existing shareholders and are material to investor assessment of capital structure and ownership.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-26T20:08:19.414680+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":11579,"accession_number":"0001104659-26-078247","item_number":"1.01","item_title":"Entry into a","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"SmartKem funded a $2.5 million convertible promissory note to Ferrox on June 22, 2026, creating a direct financial obligation with specified terms including 5% interest, maturity on December 31, 2026, and conversion rights into Ferrox ordinary shares. While the note is convertible (which could suggest a dilutive issuance perspective), the primary disclosed action is SmartKem's creation of a new debt instrument it holds, making this a debt issuance by the borrower (Ferrox) rather than a dilutive equity issuance by SmartKem itself. The materiality is clear given the $2.5 million principal amount and the detailed covenants and conversion provisions disclosed.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-26T20:08:19.414680+00:00","company_name":"SmartKem, Inc.","ticker":"SMTK","filing_date":"2026-06-26"},{"id":11580,"accession_number":"0001104659-26-078247","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"SmartKem issued 5,000 shares of Series A convertible preferred stock and 10,753,615 warrants in a private placement on June 22, 2026, raising approximately $4.0 million in cash. The securities were issued unregistered under Section 4(a)(2) and Regulation D Rule 506, which is the classic structure for a dilutive private placement. The convertible preferred stock and warrants represent significant dilution to existing shareholders and are material to investor assessment of capital structure and ownership.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-26T20:08:19.414680+00:00","company_name":"SmartKem, Inc.","ticker":"SMTK","filing_date":"2026-06-26"}]}