SmartKem Inc. has announced the completion of a private placement, entering into a securities purchase agreement with certain purchasers on October 31, 2025. Under the agreement, the company issued and sold senior secured notes totaling $1,100,000 in principal amount and warrants exercisable for up to 400,000 shares of common stock at an exercise price of $2.75 per share, for an aggregate purchase price of $1,000,000. The securities were sold without registration under the Securities Act, relying on exemptions including Section 4(a)(2) and Regulation D. The notes mature on April 30, 2026, and do not bear interest unless an event of default occurs.
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: 0001104659-25-105530), on November 03, 2025, and is solely responsible for the information contained therein.