Smartkem - Experts & Thought Leaders

Smartkem, which is seeking to change the world of electronics using its disruptive organic thin-film transistors (OTFTs), announced it has completed its previously announced concurrent public and private offerings of its securities, including shares of its common stock and common stock equivalents, for an aggregate total gross proceeds of $7.65 million. Smartkem issued 1,449,997 registered shares of common stock and unregistered Class D warrants to purchase up to 1,449,997 shares of common stock to investors in concurrent public and private offerings at a price of $3.00 per share and related Class D warrants. Each investor received one Class D warrant for each share purchased in the public offering. Unregistered Class D warrants Pursuant to the separate concurrent private placement, the Company sold to certain institutional investors, including existing investors in the Company, 169,784 unregistered shares of common stock, unregistered pre-funded warrants to purchase up to 930,215 shares of common stock and unregistered Class D warrants to purchase up to 1,099,999 shares of common stock at a price of $3.00 per share and related Class D warrant and a price of $2.9999 per pre-funded warrant and related Class D warrant. Each investor received one Class D warrant for each share of common stock or pre-funded warrant purchased in the offering. The Class D warrants are immediately exercisable at an exercise price of $3.00 per share and expire on December 31, 2025. The pre-funded warrants are immediately exercisable at an exercise price of $0.0001 per share and may be exercised at any time until all of the pre-funded warrants have been exercised in full. Pre-funded warrants Craig-Hallum Capital Group LLC acted as the Company's exclusive placement agent for the offerings The gross proceeds of the offerings described above were $7.65 million before deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds of the offerings for working capital and general corporate purposes. Craig-Hallum Capital Group LLC acted as the Company's exclusive placement agent for the offerings. In connection with the offerings described above, the Company has entered into a registration rights offering pursuant to which it has agreed to register the shares of common stock issued in the private placement, the shares of common stock issuable upon the exercise of the Class D warrants and the pre-funded warrants sold in the offerings and certain other securities for resale by the holders thereof no later than the earlier of (i) the 10th day after the filing of the Company's annual report on Form 10-K for the year ended December 31, 2024 or (ii) April 25, 2025. Smartkem's effective statement The sale of the registered shares of common stock was made pursuant to Smartkem's effective shelf registration statement on Form S-3 (file no. 333- 281608), including a base prospectus, filed with the Securities and Exchange Commission (the "SEC") and declared effective by the SEC on August 22, 2024 and a prospectus supplement dated December 18, 2024 filed with the SEC. Copies of the prospectus supplement and the accompanying base prospectus may be obtained from Craig-Hallum Capital Group LLC.

Smartkem, which is seeking to change the world of electronics using its disruptive organic thin-film transistors (OTFTs), has signed a multi-year agreement with FlexiIC, a company providing innovation in the design of flexible integrated circuits and systems, to begin a new project to develop a new generation of CMOS for smart sensors. The goal of the two-year project is the development of custom circuitry using Smartkem's organic thin-film transistor (OTFT) technology and n-type oxide TFT to make low-power CMOS-enabled sensor devices. FlexiIC Smartkem's technology  The devices are expected to incorporate mixed-signal and digital IPs, such as RISC-V cores The devices are expected to incorporate mixed-signal and digital IPs, such as RISC-V cores (a circuit type that uses an open-source instruction set), as well as utilizing machine learning (ML), a type of artificial intelligence (AI) that allows machines to learn and improve from data without being explicitly programmed, to improve the processing of signals. Smartkem Chairman and Chief Executive Officer, Ian Jenks commented, "This project with FlexiIC furthers Smartkem's technology for potential use in the field of large area, low power consumption electronics suitable for the internet-of-things (IoT), a market which is expected to grow to approximately $4,062.34 billion by 2032, a CAGR or 24.3% from 2024." New areas of flexible electronics Ian Jenks added: "The use of CMOS architecture in this application is significant as it consumes much less power, has better noise margins, generates less heat and has enhanced scalability compared to alternative PMOS architectures." He continues, "We are excited to be involved in this ambitious project and, if successful, we believe that this project will demonstrate the utility of Smartkem's technology in next-generation biosensors, force sensors, optical sensors, chemical sensors, item level tracking, and other new areas of flexible electronics." Robust amplification and transmission capabilities FlexiIC Co-CEO - Dr. Eloi Ramon stated, "Our innovative sensor acquisition platform offers affordability, adaptability, and eco-friendliness, empowering diverse sensor applications with robust amplification and transmission capabilities to mitigate noise interferences effectively. The partnership in this project with Smartkem to provide custom circuits in foil with low power and a rapid turnaround from design through fabrication is vital to the success of the system in foil devices."  The project commencement is subject to receipt of the approval of grant funding by the Centro para el Desarrollo Tecnológico Industrial (CDTI), a Spanish public entity under the Ministry of Economy and Competitiveness.

Smartkem, Inc., a company that has the potential to power the next generation of displays using its disruptive organic thin-film transistors (OTFTs), announced that it will be exhibiting at the TechBlick: The Future of Electronics Reshaped global conference, in Berlin, Germany, on Wednesday, October 23rd and Thursday, October 24th, 2024. Smartkem's booth no. is F01 at the Estrel Berlin Hotel and Convention Center (ECC). Smartkem Senior Formulation Scientist, Jordan Brannick, will be in situ throughout the duration of the exhibition and is available for 1-on-1 meetings. Event details Date: Wednesday 23rd and Thursday 24th October, 2024 Booth no.: F01 Venue: Estrel Berlin Hotel and Convention Center (ECC), Sonnenallee 225, 12057 Berlin