SmartKem, Inc.
Company Information
Industry
Semiconductors & Related Devices
SIC Code
3674
Entity Type
operating
SEC Category
Emerging growth company
State of Incorporation
DE
Country
United Kingdom
Business Address
MANCHESTER TECHNOLOGY CENTER, MANCHESTER, , M9 8GQ
Mailing Address
MANCHESTER TECHNOLOGY CENTER, MANCHESTER, , M9 8GQ
Phone
011-44-161-721-1514
Fiscal Year End
1231
EIN
851083654
Financial Overview
FY2024
$11.27M
Total Assets
$8.11M
Stockholders' Equity
$8.84M
Cash & Equivalents
Recent SEC Filings
| Form Type | Date Filed | Document |
|---|---|---|
| 8-K Current report of material events | March 31, 2026 | View on SEC |
| 8-K Current report of material events | March 26, 2026 | View on SEC |
| 424B5 Prospectus supplement | March 23, 2026 | View on SEC |
| 8-K Current report of material events | March 19, 2026 | View on SEC |
| 8-K Current report of material events | March 11, 2026 | View on SEC |
| 8-K Current report of material events | February 13, 2026 | View on SEC |
| 8-K Current report of material events | February 6, 2026 | View on SEC |
| 424B5 Prospectus supplement | January 30, 2026 | View on SEC |
| 8-K Current report of material events | January 30, 2026 | View on SEC |
| SCHEDULE 13G/A Passive ownership amendment | January 30, 2026 | View on SEC |
Material Events
8-K
Financial Distress
March 31, 2026
High Impact
- Secured $9.1 million in immediate capital via preferred stock and warrants
- Established a $500 million Equity Line of Credit to ensure long-term operational runway
8-K
Financial Distress
March 19, 2026
High Impact
- SmartKem secured a new $3.75 million loan, but only received $2.625 million upfront due to a $1.125 million (30%) fee.
- The company settled old debts by paying $300,000 cash and permanently transferring critical patents to an affiliate of previous lenders.
8-K
Financial Distress
March 11, 2026
High Impact
- SmartKem faces immediate and severe dual Nasdaq delisting threats due to low stock price and insufficient shareholder equity.
- The insufficient shareholder equity is identified as a critical, underlying financial problem, not just a symptom.
8-K
Financial Distress
February 13, 2026
High Impact
- SmartKem (SMKT) faces an imminent Nasdaq delisting threat due to failure to meet financial requirements.
- The commercial launch of SmartKem's vital next-generation OLED material is significantly delayed.
Related Companies
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Investor Resources
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Important Disclaimer
This AI-generated analysis is for informational purposes only and does not constitute financial or investment advice. Always consult with qualified professionals and conduct your own research before making investment decisions.