According to the latest filing with the U.S. Securities and Exchange Commission (SEC), SmartKem, Inc. plans to issue a series of senior secured notes.
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The total principal amount of these notes is $3.75 million, while the subscription price is set at $2.63 million. This issuance aims to raise funds for the company's operations or specific projects. The terms of the note issuance and its specific uses are expected to be further clarified in subsequent announcements.
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