{"url_path":"/sec/smtk/8-k/2026-07-21/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-21","source_url":"https://www.sec.gov/Archives/edgar/data/1817760/0001104659-26-085121-index.html","accession_number":"0001104659-26-085121","cik":"0001817760","ticker":"SMTK","issuer_name":"SmartKem, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1817760/0001104659-26-085121-index.html","primary_entity_key":"0001817760","primary_entity_name":"SmartKem, Inc."},"word_count":270,"has_tables":true,"body_markdown":"**Item 1.01. Entry into a Material Definitive\nAgreement.**\n\n \n\nAs previously announced, on\nMarch 30, 2026, SmartKem, Inc. (the “Company”) entered into a Securities Purchase Agreement (the \"Preferred Stock Purchase\nAgreement\") with certain institutional investors (collectively, the \"Buyers\"). Pursuant to the Preferred Stock Purchase\nAgreement, the Buyers may purchase from the Company up to 21,411.5 shares of the Company’s Series A convertible preferred stock,\npar value $0.001 per share (the “Series A Preferred Stock”) and accompanying warrants (“Warrants”) to purchase\nshares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) for an aggregate purchase price\nof up to $17,129,200.00 million in one or more closings.\n\n \n\nOn\nJuly 16, 2026, the Company entered into Amendment No. 1 to Securities Purchase Agreement (the “Amendment”), pursuant to which\nthe Preferred Stock Purchase Agreement was amended to (i) allow a new party to join the Preferred Stock Purchase Agreement as a Buyer;\nand (ii) amend the Schedule of Buyers attached thereto, to reallocate among the Buyers the number of shares of Series A Preferred Stock\nand Warrants available for the Buyers to purchase at Additional Closings (defined below). The Amendment did not result in an increase\nor decrease to the aggregate number of additional shares of Series A Preferred Stock and Warrants that the Buyers may collectively purchase\nat Additional Closings.\n\n   \n\nThe\nforegoing descriptions of the Preferred Stock Purchase Agreement and the Amendment are qualified in their entirety by reference to the\nfull text of the Preferred Stock Purchase Agreement and the Amendment, forms of which are attached hereto or incorporated herein by reference\nas Exhibit 10.1 and Exhibit 10.2, respectively."}