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SmartKem, Inc. Raises $24.6 Million and Completes Reverse Acquisition

Feb 24, 2021over 4 years ago

Amount Raised

$24 Million

Wales

Description

 SmartKem, Inc. (the Company), a pioneer in the development of materials and processes used to make organic semiconductor materials for the manufacture of flexible electronics, today announced the closing of a $24.6 million private placement financing.  Prior to the financing, SmartKem Limited (SmartKem) completed a reverse acquisition transaction with Parasol Investments Corporation (Parasol), a public Delaware corporation, whereby SmartKem became a wholly owned subsidiary of Parasol.  Following the acquisition, Parasol changed its name to SmartKem, Inc. and will continue the historic business of SmartKem. The directors of SmartKem, Ian Jenks, Robert Bahns, Dr

Company Information

Company

Smartkem

Location

Wales, Wales, United Kingdom

About

SmartKem is the global leader of Application Specific Organic Materials for organic thin-film transistors (OTFT) backplanes compatible with industry-standard production. SmartKem focuses on the design, development, industrialization, and technology transfer of low temperature, solution-deposited organic semiconductors for transistor backplanes.

FundzWatch™ Score

60
Medium Activity

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