Five Narrow Lane LP Takes 5.0% Passive Stake in SmartKem (SMTK)

TL;DR

**Five Narrow Lane LP just bought 5% of SmartKem, signaling institutional interest.**

AI Summary

Five Narrow Lane LP, a New York-based investment firm, has disclosed a new passive stake in SmartKem, Inc. (NASDAQ: SMTK), a semiconductor company. As of January 26, 2024, Five Narrow Lane LP beneficially owns 1,000,000 shares of SmartKem's common stock, representing 5.0% of the company's outstanding shares. This filing indicates a new institutional investor sees value in SmartKem, which could signal potential future growth or stability for current and prospective shareholders.

Why It Matters

A new institutional investor taking a significant stake can boost investor confidence and potentially lead to increased trading volume or share price appreciation for SmartKem.

Risk Assessment

Risk Level: low — This filing indicates a new institutional investor, which is generally a positive sign for a company's stability and future prospects.

Analyst Insight

A smart investor would view this as a positive signal, suggesting that a sophisticated investor sees value in SmartKem. It might warrant further research into SmartKem's fundamentals and recent news to understand what attracted Five Narrow Lane LP.

Key Numbers

• 1,000,000 — Shares Beneficially Owned (The total number of SmartKem common shares owned by Five Narrow Lane LP.)
• 5.0% — Percentage of Class (The percentage of SmartKem's common stock beneficially owned by Five Narrow Lane LP.)
• 83193D203 — CUSIP Number (The unique identification number for SmartKem, Inc.'s common stock.)

Key Players & Entities

• Five Narrow Lane LP (company) — the reporting person acquiring shares
• SmartKem, Inc. (company) — the subject company whose shares were acquired
• New York (person) — place of organization for Five Narrow Lane LP
• January 26, 2024 (person) — date of event requiring the filing

Forward-Looking Statements

• SmartKem's stock price may see increased stability or positive sentiment due to new institutional interest. (SmartKem, Inc.) — medium confidence, target: Next 3-6 months
• Five Narrow Lane LP will maintain its passive stake in SmartKem for the foreseeable future. (Five Narrow Lane LP) — high confidence, target: Next 12 months

FAQ

Filing Documents

• ea192601-13gfive_smartkem.htm (SC 13G) — 37KB
• 0001213900-24-008539.txt ( ) — 38KB

(a) NAME OF ISSUER: SmartKem, Inc., a Delaware corporation

ITEM 1 (a) NAME OF ISSUER: SmartKem, Inc., a Delaware corporation

(b) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES

ITEM 1 (b) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES: Manchester Technology Center Hexagon Tower, Delaunays Road Blackley, Manchester, M9 8GQ U.K.

(a) NAME OF PERSON FILING: Five Narrow Lane LP

ITEM 2 (a) NAME OF PERSON FILING: Five Narrow Lane LP

(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 510 Madison Avenue, Suite 1400, New York, NY 10022

(c) CITIZENSHIP: New York

ITEM 2 (c) CITIZENSHIP: New York

(d) TITLE OF CLASS OF SECURITIES: Common Stock

ITEM 2 (d) TITLE OF CLASS OF SECURITIES: Common Stock

(e) CUSIP NUMBER: 83193D203

ITEM 2 (e) CUSIP NUMBER: 83193D203

IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B)

ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B): Not applicable

OWNERSHIP

ITEM 4 OWNERSHIP (a) AMOUNT BENEFICIALLY OWNED: 137,143 Shares of Common Stock (1) (b) PERCENT OF CLASS: 9.99% (1) (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (i) SOLE POWER TO VOTE OR DIRECT THE VOTE 137,143 Shares of Common Stock (1) (ii) SHARED POWER TO VOTE OR DIRECT THE VOTE 0 Shares (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 137,143 Shares of Common Stock (1) (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 0 Shares CUSIP No. 83193D203 13G Page 4 of 5 Pages

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED

ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP

ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP Not applicable

NOTICE OF DISSOLUTION OF GROUP

ITEM 9 NOTICE OF DISSOLUTION OF GROUP Not applicable CUSIP No. 83193D203 13G Page 5 of 5 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 31, 2024 (Date) /s/ Arie Rabinowitz (Signature) Arie Rabinowitz Managing Member of the General Partner (Name/Title)

View Full Filing

View this SC 13G filing on SEC EDGAR