Earnings summaries and quarterly performance for SmartKem.
Executive leadership at SmartKem.
Board of directors at SmartKem.
Research analysts covering SmartKem.
Recent press releases and 8-K filings for SMTK.
Smartkem Announces Debt Conversion Agreement
SMTK
- SmartKem, Inc. entered into a debt conversion agreement on February 5, 2026, with a creditor to satisfy outstanding accounts payable of its subsidiary, SmartKem Limited.
- The agreement converted $2,016,821.07 of outstanding obligations, which was approximately $2.0 million.
- In exchange, the creditor received 385,130 shares of common stock and pre-funded warrants to purchase 348,260 shares of common stock at an implied conversion price of $2.75 per share.
- This transaction resulted in a significant reduction of the Company's accounts payable without cash consideration, strengthening its balance sheet and reducing ongoing cash requirements.
17 hours ago
SmartKem, Inc. Completes Securities Offering
SMTK
- On January 30, 2026, SmartKem, Inc. entered into a securities purchase agreement with an institutional investor, with the closing of the sales occurring on the same day.
- The company sold 677,129 shares of common stock at $0.50 per share and 683,871 pre-funded warrants at $0.4999 per warrant, with an exercise price of $0.0001 per share.
- This offering generated gross proceeds of $680,500, which SmartKem, Inc. intends to use for working capital and general corporate purposes.
7 days ago
Smartkem Signs Proof-of-Concept Agreement for MicroLED Wearables
SMTK
New Projects/Investments
Product Launch
- Smartkem, Inc. (SMTK) has entered into a 12-month paid proof-of-concept agreement with a global consumer electronics leader.
- The collaboration aims to develop next-generation smart wearables that incorporate a conformable MicroLED display utilizing Smartkem’s proprietary organic thin-film transistor (OTFT) technology.
- This project is designed to address critical challenges in wearables, such as extreme miniaturization, low power consumption, outdoor visibility, and high impact resistance.
- Smartkem's CEO, Ian Jenks, stated that this agreement validates industry interest and, if successful, could move Smartkem beyond platform validation and into product-level execution for wearable devices.
Jan 6, 2026, 12:00 PM
Smartkem and Jericho Energy Ventures Extend Merger LOI
SMTK
M&A
New Projects/Investments
- Smartkem, Inc. and Jericho Energy Ventures Inc. (JEV) have agreed to a 60-day extension of their non-binding Letter of Intent (LOI) for a proposed all-stock business combination.
- The amendment extends the deadline for Smartkem to invest in Jericho to December 31, 2025, to prevent JEV from terminating the LOI.
- The proposed transaction aims to establish a Nasdaq-listed, U.S.-owned and controlled AI infrastructure company by integrating JEV's energy platform with Smartkem's semiconductor innovations to support AI compute capacity.
- Both Smartkem and Jericho will require significant additional capital to complete the negotiation and consummation of the Proposed Transaction.
Nov 20, 2025, 9:10 PM
SmartKem, Inc. Reports Q3 2025 Financial Results and Strategic Developments
SMTK
Earnings
Debt Issuance
New Projects/Investments
- SmartKem, Inc. reported revenue of $81 thousand and a net loss of $3.92 million for the third quarter ended September 30, 2025.
- As of September 30, 2025, the company's cash and cash equivalents were $0.9 million, a decrease from $7.1 million at December 31, 2024.
- Post-quarter, on October 31, 2025, SmartKem obtained $1 million in bridge financing through the issuance of Senior Secured Notes and warrants.
- Strategic developments during Q3 2025 included signing a non-binding Letter of Intent with Jericho Energy Ventures to create an AI-focused infrastructure company and a preliminary joint development agreement with Manz Asia for advanced computer and AI chip packaging solutions.
Nov 13, 2025, 9:11 PM
Smartkem Reports Q3 2025 Financial Results
SMTK
Earnings
Debt Issuance
New Projects/Investments
- Smartkem reported revenue of $81 thousand for the three months ended September 30, 2025, an increase from $40 thousand for the same period in 2024.
- The company's loss from operations was $3.1 million for the third quarter of 2025, compared to $2.8 million for the same period in 2024.
- Cash and cash equivalents decreased to $0.9 million as of September 30, 2025, down from $7.1 million as of December 31, 2024.
- On October 31, 2025, Smartkem obtained $1,000,000 of bridge financing.
- Key business highlights for Q3 2025 include signing a non-binding Letter of Intent with Jericho Energy Ventures to create a U.S.-owned, AI-focused infrastructure company, and announcing a preliminary joint development agreement with Manz Asia for advanced computer and AI chip packaging solutions.
Nov 13, 2025, 9:10 PM
SmartKem, Inc. Secures $1 Million in Financing Amidst Operational Curtailment
SMTK
Debt Issuance
Demand Weakening
- SmartKem, Inc. entered into a securities purchase agreement on October 31, 2025, to issue Senior Secured Notes with an aggregate principal amount of $1,100,000 and Warrants exercisable for up to 400,000 shares of common stock at an exercise price of $2.75 per share, for an aggregate purchase price of $1,000,000.
- The Notes mature on April 30, 2026, and accrue interest at 10% per annum only upon an event of default. The Warrants are exercisable for five years from issuance and include a beneficial ownership limitation.
- The company intends to use the net proceeds from this offering for working capital purposes.
- This capital raise follows the company's significant curtailment of operations and delayed payments to vendors as part of a plan to conserve cash, leading to a substantial increase in accounts payable since June 30, 2025.
Nov 3, 2025, 9:01 PM
Smartkem Engages Anthony Amato for Strategic Initiatives
SMTK
Hiring
M&A
New Projects/Investments
- Smartkem has engaged Anthony Amato and his firm, Bridge Associates International Pharmaceutical Consulting (BAIPC), to support specific strategic initiatives aimed at long-term growth.
- Mr. Amato, with extensive executive and consulting experience in the life sciences and technology sectors, will provide advice and guidance on evaluating and executing strategic opportunities and industry partnerships.
- This engagement follows Smartkem's announcement on August 28, 2025, that its Board of Directors authorized management to consider and pursue strategic alternatives involving the company.
- The company states this engagement underscores its commitment to its operational strategy while evaluating pathways to accelerate value creation for its shareholders.
Sep 2, 2025, 2:32 PM
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