SmartKem, Inc. (SMTK) Form 8-K — Jul 20, 2026
SmartKem completed an Additional Closing under its existing Preferred Stock Purchase Agreement, issuing 1,250 shares of Series A Preferred Stock and 2,688,404 warrants for approximately $1.0 million. This transaction represents the third drawdown under the facility established in March 2026, bringing total proceeds to approximately $16.0 million across all closings. The company also executed Amendment No. 1 to the Securities Purchase Agreement, which allows a new institutional investor to join as a Buyer and reallocates the remaining available shares and warrants among all buyers.
Key figures
- Shares Issued
- 1250
- Gross Proceeds
- 1000000
- Warrants Issued
- 2688404
- Max Agg Purchase Price
- 17129200
Price after filing
Close on the filing date to close N calendar days later (from $0.19). Historical, not a forecast.
AI analysis
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