Smartkem prices $7.65M combined public and private offering of common stock and warrants

SmartKem, Inc.

Gross proceeds of ~$7.65M from combined public and private offerings priced at $3.00 per share/unit.
Offering comprises 1,449,997 registered shares + Class D warrants in public offering; 169,784 unregistered shares, 930,215 pre-funded warrants, and 1,099,999 Class D warrants in private placement.
Class D warrants exercisable at $3.00, expire Dec 31, 2025; pre-funded warrants exercisable at $0.0001 per share.
Concurrently amended Series A-1 Preferred Stock: removed dividends, liquidation preference, reduced conversion price to $4.34, and blocked conversion until registration effective.

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