SmartKem sold 1,250 shares of Series A convertible preferred stock in an unregistered private placement on July 16, 2026.
The deal included warrants for 2,688,404 common shares, with gross proceeds of about $1 million in cash.
This follows a June 22, 2026 additional closing: 5,000 Series A preferred shares, 10,753,615 warrants, and proceeds of about $4 million.
The private placement launched March 30, 2026, with 11,411 shares of Series A preferred and warrants for 23,251,960 shares; total size up to $17.13 million.
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