SmartKem (SMTK) has released an update to notify the public and investors about the unregistered sales of equity securities.
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The Class C Warrants described are being sold exempt from registration under the Securities Act of 1933, specifically under Section 4(a)(2) and/or Rule 506(b) of Regulation D. The Common Stock that can be acquired by exercising the Class C Warrants will also be issued under these exemptions or the exemption provided by Section 3(a)(9) of the Securities Act.
For further insights into SMTK stock, check out TipRanks’ Stock Analysis page.
