SmartKem, Inc. Closes $2.0 Million Common Stock Private Placement
MANCHESTER, England, Jan. 27, 2022 /PRNewswire/ -- SmartKem, Inc. (OTCQB: SMTK), a company seeking to reshape the world of electronics with a revolutionary semiconductor platform that enables a new generation of displays, sensors and logic, announced that it has consummated the sale of 1.0 million shares of its common stock to venture capital firm and current investor, Octopus Ventures, at a price of $2.00 per share for total proceeds of $2.0 million. SmartKem intends to use the net proceeds from the sale of the common stock for working capital and general corporate purposes.
The securities offered will not be or have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
SOURCE SmartKem, Inc.
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