SmartKem, Inc. (SMTK) - Dilution Analysis

10-Q filing | 21.4M shares outstanding

S-1 filing: This S-1 filing outlines the potential issuance and sale of up to 146,776,707 shares of common stock to Keystone under a Purchase Agreement, with the company potentially receiving up to $500 million in aggregate gross proceeds.

8-K filing: SmartKem, Inc. enters into a Securities Purchase Agreement to issue Series A Convertible Preferred Stock and warrants, and an ELOC Purchase Agreement for future common stock sales, also files a Certificate of Designations establishing the terms of the Series A Preferred Stock. ($9.13M proceeds)

8-K filing: SmartKem, Inc. sold 677,129 shares of common stock at $0.50 per share and 683,871 pre-funded warrants to an institutional investor, with gross proceeds of $680,500 before deducting offering expenses. ($0.68M proceeds)

10-Q filing | 6.1M shares outstanding

8-K filing: SmartKem, Inc. entered into a securities purchase agreement to issue Senior Secured Notes and warrants exercisable for common stock in a private placement. ($1.0M proceeds)

8-K filing: SmartKem Inc. issued shares of common stock to consulting firms and vendors for services rendered, and entered into a non-binding letter of intent with Jericho Energy Ventures Inc. for a potential business combination.

10-Q filing | 4.5M shares outstanding

10-Q filing | 4.4M shares outstanding

8-K filing: 856 shares of Series A-1 Preferred Stock automatically converted into 690,788 shares of common stock and warrants to purchase 1,282,412 shares of common stock. After the conversion, the Company had 4,431,165 shares of common stock outstanding.

S-1/A filing: This S-1/A filing from 2025-04-29 details amendments to the Series A-1 Convertible Preferred Stock, including changes to dividend obligations, consent requirements, liquidation preferences, and conversion prices, as well as outlining a private placement exempt from registration.

S-1/A filing: This prospectus relates to the sale or other disposition by the selling stockholders of up to 6,402,818 shares of common stock of SmartKem, Inc.

S-1 filing: This prospectus relates to the sale or other disposition by the selling stockholders of up to 6,402,818 shares of common stock of SmartKem, Inc.

10-K filing | 3.3M shares outstanding

8-K filing: SmartKem, Inc. completed an offering on December 20, 2024, issuing shares of common stock and warrants in concurrent public and private offerings, with net proceeds of approximately $6.6 million, allowing them to regain compliance with the Nasdaq minimum stockholders' equity requirement. ($6.6M proceeds)

8-K filing: SmartKem, Inc. executed a registered direct offering of 1,449,997 shares of common stock at $3.00 per share and a concurrent private placement of 169,784 shares of common stock and 930,215 pre-funded warrants at $3.00 and $2.9999, respectively, with expected gross proceeds of approximately $7.65 million for working capital and general corporate purposes, with the offerings expected to close on or about December 20, 2024.

8-K filing: The Company entered into a Consent and Amendment Agreement with certain holders of securities issued in the Company's June 2023 private placement, amending the Purchase Agreement and the Series A-1 Convertible Preferred Stock terms, effective upon the closing of a Qualified Offering.

10-Q filing | 1.8M shares outstanding

S-3 filing: This is an S-3 filing for the potential issuance and sale of up to $100 million in aggregate offering price of common stock, preferred stock, warrants, debt securities, subscription rights or units.

10-Q filing | 1.7M shares outstanding

POS AM filing: This prospectus relates to the sale or other disposition by the selling stockholders identified herein of up to 2,363,127 shares of common stock of SmartKem, Inc.

POS AM filing: This prospectus relates to the sale or other disposition by the selling stockholders identified herein of up to 792,239 shares of common stock of SmartKem, Inc.

POS AM filing: This prospectus relates to the sale or other disposition by the selling stockholders identified herein of up to 1,567,599 shares of common stock, par value $0.0001 per share, of SmartKem, Inc.

8-K filing: On May 30, 2024, the Company received approval for listing on the Nasdaq Capital Market, effective May 31, 2024, and 2,411 shares of Series A-2 Preferred Stock automatically converted into 275,576 shares of Common Stock, resulting in 1,713,900 common shares outstanding.

10-Q filing | 1.4M shares outstanding

S-1 filing: This S-1 filing describes the offering of common stock by selling stockholders, consisting of shares issuable upon the exercise of Class B and Class C Warrants. The company will not receive any proceeds from the sale.

POS AM filing: This POS AM filing relates to an offering of common stock by selling stockholders. The company will not receive any proceeds from the sale.

POS AM filing: This POS AM filing relates to an offering of common stock by selling stockholders. The company will not receive any proceeds from the sale. As of March 28, 2024, there were 1,355,361 shares of common stock outstanding.

10-K filing | 0.9M shares outstanding

8-K filing: SmartKem, Inc. corrected a calculation error related to the conversion of Series A-1 Preferred Stock, resulting in the issuance of 412,293 shares of Common Stock and Class C Warrants to purchase up to 726,344 shares of Common Stock. The company reported 1,305,361 shares of common stock outstanding as of February 28, 2024.

8-K filing: SmartKem, Inc. reports on the conversion of Series A-1 Preferred Stock into common stock and Class C Warrants, resulting in the issuance of 482,293 shares of common stock and Class C Warrants to purchase up to 656,344 shares of Common Stock, and files an Amended and Restated Series A-1 Certificate of Designation.

10-Q filing | 0.9M shares outstanding

8-K filing: Stock split 1-for-35 | Outstanding: 27,087,773 → 871,706

10-Q filing | 27.1M shares outstanding

S-1 filing: This is an S-1 filing for a common stock offering by selling stockholders.

8-K filing: SmartKem, Inc. completed a second closing of a private placement, selling Series A-1 and A-2 Convertible Preferred Stock and Class A Warrants for gross proceeds of approximately $1.97 million. ($1.97M proceeds)

8-K filing: SmartKem, Inc. entered into a Securities Purchase Agreement for the sale of Series A-1 and A-2 Convertible Preferred Stock, Class A Warrants, and Class B Warrants for gross proceeds of $12,179,000, with the potential for an additional closing of up to $18.0 million. ($12.18M proceeds)

10-Q filing | 29.2M shares outstanding

POS AM filing: This POS AM filing relates to an offering of common stock by selling stockholders. The company will not receive any proceeds from the sale.

10-K filing | 28.9M shares outstanding

10-Q filing | 29.1M shares outstanding

POS AM filing: This POS AM filing relates to an offering of common stock by selling stockholders, with 28,588,848 shares being offered. The company will not receive any proceeds from the sale.

POS AM filing: This POS AM filing relates to the offering of common stock by selling stockholders, who may sell or dispose of their shares through public or private transactions at prevailing market prices or negotiated prices.

10-Q filing | 28.8M shares outstanding

10-Q filing | 28.4M shares outstanding

S-1 filing: This S-1 filing outlines a secondary offering of 1,000,000 shares of common stock by selling stockholders, with no proceeds going to the company. The filing also details the plan of distribution for these shares.

POS AM filing: This POS AM filing relates to an offering of common stock by selling stockholders. The company will not receive any proceeds from the sale.

10-K filing | 25.2M shares outstanding

8-K filing: SmartKem, Inc. completed a private placement issuing 1,000,000 shares of common stock at $2.00 per share, for gross proceeds of $2,000,000. ($2.0M proceeds)

10-Q filing | 27.7M shares outstanding

10-Q filing | 25.5M shares outstanding

10-Q filing | 25.4M shares outstanding

S-1 filing: This S-1 filing relates to the sale or disposition of up to 28,590,533 shares of common stock by selling stockholders of SmartKem, Inc.

10-K filing | 5.0M shares outstanding

10-Q filing | 5.0M shares outstanding

10-Q filing | 5.0M shares outstanding