SmartKem raises $2.6M in registered direct offering of 11.4M shares at $0.2303/share

SmartKem, Inc.

Sold 11,365,350 shares to institutional investors at $0.2303 per share for gross proceeds of $2,617,440.
Closing expected on or about March 26, 2026, subject to customary conditions.
Net proceeds to be used for working capital and general corporate purposes.
Offering made under effective shelf registration statement on Form S-3 (File No. 333-281608).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SmartKem, Inc. entered into Purchase Agreement with certain institutional investors valued at $2,617,440 (effective 2026-03-20).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: $2,617,440
Effective: 2026-03-20

Exact text from the filing

On March 20, 2026, SmartKem, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors

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SmartKem, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-035240

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