Smartkem Completes Concurrent Public/Private Offering of Common Stock and Warrants

The investment banking firm Craig-Hallum Capital Group LLC acted as the exclusive placement agent, with legal counsel from Faegre Drinker, in Smartkem, Inc.’s concurrent public and private offerings of securities, including shares of its common stock, pre-funded warrants and Class D warrants to purchase common stock, for an aggregate total gross proceeds of $7.65 million. Smartkem, Inc., a company changing the world of electronics through the production of organic thin-film transistors, plans to use the net proceeds of the offerings for working capital and general corporate purposes.