Smartkem Announces Significant Reduction in Accounts Payable Through Debt Conversion Agreement
SmartKem, Inc. (SMTK)
Company Research
Source: GlobeNewswire
MANCHESTER, United Kingdom, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Smartkem, Inc. (Nasdaq: SMTK), (“Smartkem” or the “Company”), a leader in advanced materials, today announced that it has entered into a debt conversion agreement, pursuant to which certain outstanding accounts payable of Smartkem were satisfied in full through the issuance of equity securities of the Company. Under the terms of the agreement, approximately $2.0 million of outstanding obligations owed were converted into a combination of shares of the Company’s common stock and pre-funded warrants at an implied conversion price of $2.75 per share. Upon issuance of the securities, the obligations were fully discharged. The transaction resulted in a significant reduction of the Company’s accounts payable, with no cash consideration paid. The Company believes the transaction strengthens its balance sheet by removing this obligation and is expected to result in a meaningful reduction in ongoing cash requirements. The secur
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- E.F. Hutton Serves as Exclusive M&A Advisor to Smartkem on Proposed Acquisition of Carbonium Core, Inc. [Yahoo! Finance]Yahoo! Finance
- E.F. Hutton Serves as Exclusive M&A Advisor to Smartkem on Proposed Acquisition of Carbonium Core, Inc.GlobeNewswire
- Smartkem Welcomes State-Level Support for Carbonium Core's Proposed Nuclear Graphite Manufacturing Unit [Yahoo! Finance]Yahoo! Finance
- Smartkem Welcomes State-Level Support for Carbonium Core’s Proposed Nuclear Graphite Manufacturing UnitGlobeNewswire
- Jericho Energy Ventures Strategically Terminates SmartKem LOI to Advance Independent Data Center Energy Infrastructure Platform [Yahoo! Finance]Yahoo! Finance
SMTK
Sec Filings
- 2/6/26 - Form 8-K
- 1/30/26 - Form 8-K
- 1/30/26 - Form SCHEDULE
- SMTK's page on the SEC website