Smartkem Inc. plans to acquire 100% of the outstanding shares of Carbonium Core, Inc., a U.S.-based advanced materials company specializing in the production of nuclear-grade graphite for next-generation reactor technologies. The deal, structured under a non-binding letter of intent, will see Carbonium Core shareholders receive newly created Series B Convertible Preferred Stock in exchange for their shares, pending the completion of due diligence, execution of definitive agreements, and other customary closing conditions. The proposed combination aims to leverage Smartkem's materials chemistry and manufacturing capabilities with Carbonium Core’s purification technology and domestic processing platform, strengthening the development of a secure U.S. supply chain for nuclear-grade graphite. Board representation from both companies is expected after closing to support continuity and strategic alignment. E.F. Hutton is serving as exclusive M&A advisor to Smartkem on the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SmartKem Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9649258) on February 05, 2026, and is solely responsible for the information contained therein.