4/5SmartKem, Inc. (SMTK): Auditor change

Filed 2025-04-22 · Form 8-K · Accession 0001104659-25-037457 nano

Market data

Price before filing: $110.5 (2025-04-21 close, split/dividend-adjusted)
Market cap at flag: $17.6M (2025-04-22) · Latest: $248,458 (2026-10-16)

What happened next

Window	SMTK	SPY	vs SPY
30 days	-40.3%	+13.5%	-53.7%	2025-05-22
90 days	-52.9%	+22.7%	-75.7%	2025-07-21
180 days	+7.2%	+31.4%	-24.1%	2025-10-20

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-22 to 2025-05-22. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"On April 21, 2025, Marcum LLP ("Marcum") informed SmartKem, Inc."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: resigned
Disagreements reported: no
Former auditor: Marcum LLP · New auditor: CBIZ CPAs P.C.

Why this score: auditor resigned

Read the original filing on SEC.gov →