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SmartKem, Inc. (NASDAQ:SMTK) announced Monday that it has entered into an amendment agreement with certain holders of securities from its June 2023 private placement. According to a statement based on a recent SEC filing, the amendment changes the terms of the original purchase agreement dated June 14, 2023.
Under the new agreement, the price at which a "Lower Price Issuance" would be deemed to occur has been reduced from $4.00 to $2.75 per share. The definition of "Lower Price Issuance" is as outlined in the original purchase agreement.
The amendment was executed on October 13, 2025. No additional details regarding the number of securities or the identity of the holders were disclosed in the filing.
SmartKem is incorporated in Delaware and its common stock trades on the Nasdaq Stock Market under the symbol SMTK. The company is classified under semiconductors and related devices.
This information is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.
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