SmartKem, Inc. (SMTK) Form 8-K — Nov 4, 2026
SmartKem entered an Omnibus Amendment No. 1 with Ferrox Critical Minerals on October 30, 2026, extending the maturity dates of three convertible promissory notes totaling roughly $9.1 million in original principal to June 30, 2027. The prior maturity dates were October 30, 2026, December 31, 2026, and January 31, 2027, so the extension removes near-term repayment pressure. Interest continues to accrue at 5% per annum, no default was acknowledged, and no amendment fee or penalty was payable.
Key figures
- Interest rate pct
- 5
- New maturity date
- 2027-06-30
- Partial prepayment usd
- 300000
- July note principal usd
- 4900000
- June note principal usd
- 2700000
- March note principal usd
- 1500000
AI analysis
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