SmartKem, Inc. filed a Form 8-K on November 4, 2026, disclosing that it entered into an omnibus amendment on October 30, 2026, extending the maturity dates of three convertible promissory notes issued by Ferrox Critical Minerals Ltd. to June 30, 2027.

Key Highlights

  • Three notes amended: The March Note ($1,500,000 original principal), the June Note ($2,700,000 original principal), and the July Note ($4,900,000 original principal) were each covered by the amendment.
  • Unified new maturity date: All three notes now mature on June 30, 2027, per the Omnibus Amendment No. 1.
  • Prior maturity dates: Before the amendment, the March Note matured October 30, 2026, the June Note on December 31, 2026, and the July Note on January 31, 2027.
  • No other changes: According to the filing, except as expressly amended, "each Note remains unmodified and in full force and effect in accordance with its terms."
  • Counterparty: Ferrox Critical Minerals Ltd. is described in the filing as a British Virgin Islands company.

SmartKem and Ferrox Consolidate Note Maturities Under Single Amendment

SmartKem, Inc. (NASDAQ:SMTK) disclosed in an 8-K filed November 4, 2026, that it and Ferrox Critical Minerals Ltd. executed the Omnibus Amendment No. 1 to Convertible Promissory Notes on October 30, 2026. The amendment covers three convertible promissory notes that had been issued by Ferrox to SmartKem, or issued by Ferrox and assigned to SmartKem, with original principal amounts of $1,500,000, $2,700,000, and $4,900,000, dated March 13, 2026, June 22, 2026, and July 27, 2026, respectively.

According to the filing, the central effect of the amendment is to extend the maturity date of each of the three notes to June 30, 2027. Prior to the amendment, the March Note was due October 30, 2026, the June Note was due December 31, 2026, and the July Note was due January 31, 2027. The filing states that all three notes were previously announced and that, aside from the maturity date extension, the terms of each note remain unchanged.

The company noted in the filing that the description of the amendment "does not purport to be complete" and is qualified by reference to the full amendment, filed as Exhibit 10.1. The 8-K was signed by Barbra C. Keck, Chief Financial Officer of SmartKem, Inc., on November 4, 2026.

What Was Disclosed

SmartKem filed an 8-K reporting the execution of an omnibus amendment extending the maturity of three Ferrox convertible promissory notes, totaling $9,100,000 in original principal, to a single unified maturity date of June 30, 2027.