SmartKem, Inc. (SMTK) AI Dilution Summary

Estimated cash was $670,185 as of 2026-09-21, rolled forward from $3,689,000 at 2026-06-30 against estimated monthly burn of $565,500. The company is funding itself through the Keystone Capital Partners, LLC equity line, with $1,971,000 drawn to date, and its most recent raise was a $2,000,000 Series A preferred private placement closed 2026-07-24. Dilution here is driven primarily by the Series A Convertible Preferred Stock.