Smartkem prices $7.65M offering of common stock at $3.00 per share

Smartkem (SMTK) announced that it has priced concurrent public and private offerings of its securities, including shares of its common stock and common stock equivalents, for an aggregate offering price of $7.65 million to new and existing investors. 1,449,997 registered shares of common stock and unregistered Class D warrants to purchase up to 1,449,997 shares of common stock are being sold to investors in concurrent public and private offerings at a price of $3.00 per share and related Class D warrant. Each investor will receive one Class D warrant for each share purchased in the offering. Craig-Hallum Capital Group LLC is acting as the Company’s exclusive placement agent for the offerings.