SmartKem reports $17.13 million private placement of Series A preferred stock, warrants

Reuters2026/07/27 20:12

By:Reuters

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SmartKem disclosed a private placement tied to a March 30, 2026 Securities Purchase Agreement for up to USD 17.13 million of Series A convertible preferred stock.
Initial closing issued 11,411 shares of Series A convertible preferred stock with USD 1,000 stated value per share.
Investors also received warrants to buy up to 23,251,960 common shares.
Investors can require additional closings for up to 10,000 more Series A preferred shares with additional warrants, subject to conditions.

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: 0001104659-26-087085), on July 27, 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 reports $17.13 million private placement of Series A preferred stock, warrants

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