{"filing":{"accession_number":"0001104659-26-087085","cik":"0001817760","ticker":"SMTK","company_name":"SmartKem, Inc.","form":"8-K","filing_date":"2026-07-27","report_date":"2026-07-24","primary_document":"tm2621383d1_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1817760/000110465926087085/tm2621383d1_8k.htm"},"events":[{"id":20667,"run_id":18604,"accession_number":"0001104659-26-087085","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"SmartKem funded a $4.5 million convertible promissory note to Ferrox Critical Minerals on July 27, 2026, creating a direct financial obligation with 5% interest, maturity on January 31, 2027, and conversion rights into Ferrox ordinary shares.","company_name":"SmartKem, Inc.","ticker":"SMTK","filing_date":"2026-07-27","form":"8-K","submitted_at":null,"items":[{"id":20094,"accession_number":"0001104659-26-087085","item_number":"1.01","item_title":"Entry into a Material Definitive","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"SmartKem funded a $4.5 million convertible promissory note to Ferrox Critical Minerals on July 27, 2026, creating a direct financial obligation with specified terms including 5% interest, maturity on January 31, 2027, 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 and financial obligation, making debt_issuance the most appropriate classification. The materiality is clear given the $4.5 million principal amount and the company's apparent investment strategy in Ferrox.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-27T20:10:53.122439+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":20668,"run_id":18604,"accession_number":"0001104659-26-087085","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"SmartKem disclosed multiple unregistered private placements of convertible preferred stock and warrants totaling approximately $7.0 million in proceeds across four closings (March 30, June 22, July 16, and July 24, 2026), issued under Section 4(a)(2) and Regulation D exemptions with significant dilution potential.","company_name":"SmartKem, Inc.","ticker":"SMTK","filing_date":"2026-07-27","form":"8-K","submitted_at":null,"items":[{"id":20095,"accession_number":"0001104659-26-087085","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 disclosed multiple unregistered private placements of convertible preferred stock and warrants under Item 3.02, totaling approximately $7.0 million in proceeds across four closings (March 30, June 22, July 16, and July 24, 2026). The securities are issued under Section 4(a)(2) and Regulation D exemptions, and the preferred stock is convertible into common stock, creating significant dilution potential. This is a classic dilutive equity issuance by a small-cap company raising capital through private placement.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-27T20:10:53.122439+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":20669,"run_id":18604,"accession_number":"0001104659-26-087085","anchor_item_number":"8.01","event_type":"governance_other","event_domain":"governance","is_material":false,"confidence":0.75,"summary":"SmartKem disclosed the number of outstanding shares of common stock as of July 27, 2026, a routine administrative disclosure of capitalization information.","company_name":"SmartKem, Inc.","ticker":"SMTK","filing_date":"2026-07-27","form":"8-K","submitted_at":null,"items":[{"id":20096,"accession_number":"0001104659-26-087085","item_number":"8.01","item_title":"Other Events","event_type":"governance_other","event_domain":"governance","is_material":false,"confidence":0.75,"reasoning":"This disclosure reports the number of outstanding shares of common stock as of the filing date (July 27, 2026). This is a routine administrative disclosure of capitalization information, typically included to establish the share count for voting or other corporate purposes. While share count can be relevant to investors, this bare statement of outstanding shares without context regarding issuance, repurchase, or other corporate action is a standard procedural disclosure that would not materially affect a reasonable investor's assessment of the registrant.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-27T20:10:53.122439+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":20094,"accession_number":"0001104659-26-087085","item_number":"1.01","item_title":"Entry into a Material Definitive","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"SmartKem funded a $4.5 million convertible promissory note to Ferrox Critical Minerals on July 27, 2026, creating a direct financial obligation with specified terms including 5% interest, maturity on January 31, 2027, 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 and financial obligation, making debt_issuance the most appropriate classification. The materiality is clear given the $4.5 million principal amount and the company's apparent investment strategy in Ferrox.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-27T20:10:53.122439+00:00","company_name":"SmartKem, Inc.","ticker":"SMTK","filing_date":"2026-07-27"},{"id":20095,"accession_number":"0001104659-26-087085","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 disclosed multiple unregistered private placements of convertible preferred stock and warrants under Item 3.02, totaling approximately $7.0 million in proceeds across four closings (March 30, June 22, July 16, and July 24, 2026). The securities are issued under Section 4(a)(2) and Regulation D exemptions, and the preferred stock is convertible into common stock, creating significant dilution potential. This is a classic dilutive equity issuance by a small-cap company raising capital through private placement.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-27T20:10:53.122439+00:00","company_name":"SmartKem, Inc.","ticker":"SMTK","filing_date":"2026-07-27"},{"id":20096,"accession_number":"0001104659-26-087085","item_number":"8.01","item_title":"Other Events","event_type":"governance_other","event_domain":"governance","is_material":false,"confidence":0.75,"reasoning":"This disclosure reports the number of outstanding shares of common stock as of the filing date (July 27, 2026). This is a routine administrative disclosure of capitalization information, typically included to establish the share count for voting or other corporate purposes. While share count can be relevant to investors, this bare statement of outstanding shares without context regarding issuance, repurchase, or other corporate action is a standard procedural disclosure that would not materially affect a reasonable investor's assessment of the registrant.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-27T20:10:53.122439+00:00","company_name":"SmartKem, Inc.","ticker":"SMTK","filing_date":"2026-07-27"}]}