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81 /100
CRITICAL RISK
Score updated Oct 13, 2026

SMTK — SmartKem, Inc. Dilution Risk Tracker

Track SMTK dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, SmartKem, Inc. (SMTK) has a DilutionWatch DilutionScore of 81/100, rated CRITICAL dilution risk. SmartKem, Inc. has a market capitalization of $29.96M, 28.26M shares outstanding, 12 institutional holders tracked. Stored dilution-related fields include shelf registration capacity of $500.00M, ATM program capacity of $500.00M, 61.6K outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
100
💰 Cash Runway
85
📊 Float Risk
27
⚠️ Warrant Exposure
15
🔄 Convertible Debt
60

Dilution Forecast

⛈️
Warning
High probability of dilution event
model est. 65%
💰 Capital Raise model 73%
• Low cash runway: 5 months remaining
• Active shelf registration ($500M, 1669% of market cap)
🔄 Reverse Split model est. 70%
• 50-day avg $0.27 below $1 exchange minimum
• Only 5 months cash — financial pressure
🔁 Convertible Conversion model 40%
• Significant convertible debt: 18% potential dilution
• Elevated convertible risk (60/100)
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Market Data

Market Cap$29.96M
Shares Outstanding28.26M
Float20.53M
Cash$3.69M
Debt$608.0K
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore81/100DilutionWatch score record
Shares Outstanding28.26MVerified float table or market cache
Public Float20.53MVerified float table or market cache
Market Cap$29.96MMarket data cache
Cash Runway5.0 monthsDilutionWatch score inputs
Shelf Capacity$500.00MSEC-derived dilution fields
ATM Capacity$500.00MSEC-derived dilution fields
Outstanding Warrants61.6KSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 424B3 2, 8-K/A 1, EFFECT 2, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 35.2% shares (2026Q1 vs prior)
12 institutional holders · 1.38M shares
#1 AIGH Capital Management LLC 895.4K shares
#2 Rossby Financial, LCC 236.0K shares
#3 Financial Plan, Inc. 60.0K shares
+ 9 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest93.5K
Days to Cover1.0
% of Float0.5%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-14
xbrl XBRL CONVERTIBLE 2022-08-23
424B3 ATM 2026-04-27
424B3 ATM 2026-04-27
EFFECT EFFECT 2026-04-24
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual SMTK Dilution Snapshot

SmartKem, Inc. (SMTK) has a DilutionScore of 81/100, rated Critical dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

SMTK's DilutionScore is currently 81/100 (Critical risk), with 3 score changes tracked over 89 days. The score deteriorated from 82/100 (Critical risk).

Period Score Risk Level Duration
Oct 01 – Oct 13, 202681/100CRITICAL13 days
Aug 22 – Sep 30, 202682/100CRITICAL40 days
Aug 14 – Aug 21, 202683/100CRITICAL7 days
Jul 16 – Aug 13, 202674/100HIGH29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

SMTK shares outstanding have increased 118.0% from 9.84M (Mar 2026) to 21.45M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 30, 202621.45M20.53M▲ 1.81%
May 26, 202621.45M20.16M▲ 1.15%
May 19, 202621.20M19.93M▲ 0.07%
Apr 09, 202621.20M19.92M▲ 245.61%
Mar 27, 20269.84M5.76M▲ 27.08%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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