SmartKem raises about $1 million in private placement of Series A preferred stock and warrants

Reuters2026/07/21 10:03

By:Reuters

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SmartKem sold 1,250 shares of Series A convertible preferred stock in an unregistered private placement on July 16, 2026.
Deal included warrants for 2,688,404 common shares; gross proceeds about USD 1 million in cash.
Follows a June 22, 2026 additional closing: 5,000 Series A preferred shares, 10,753,615 warrants; proceeds about USD 4 million.
Private placement launched March 30, 2026: 11,411 shares of Series A preferred, warrants for 23,251,960 shares; total size up to USD 17.13 million.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-085121), on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SmartKem raises about $1 million in private placement of Series A preferred stock and warrants

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