SmartKem raises ~$6.6M, believes it regains Nasdaq equity compliance

SmartKem, Inc.

Completed offering on Dec 20, 2024, issuing shares and warrants for ~$6.6M net proceeds.
Previously reported stockholders' equity of $2.3M as of Sept 30, 2024, below Nasdaq's $2.5M minimum.
Nasdaq informed Company no compliance plan required; will monitor at next periodic report.
As of Jan 8, 2025, Company believes equity above $2.5M and compliance regained.

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