SmartKem, Inc.

SRX Global Portfolio Company Smartkem, Inc. (NASDAQ: SMTK) Announces Merger

SRX Global announced that its portfolio company Smartkem plans to merge with Ferrox Critical Minerals, a move aimed at strengthening Smartkem's critical minerals sourcing capabilities. The business combination is subject to customary closing conditions, including approval from the shareholders of both Smartkem and Ferrox. SRX Global currently holds a 4.99% stake in Smartkem, acquired through a shelf take-down and a non-brokered private placement of convertible preferred securities.

•3mo ago

Smartkem, Inc. and Ferrox Critical Minerals to Combine in All-Stock Merger Valuing Ferrox at $125 Million

Smartkem has entered into a definitive agreement to merge with Ferrox Critical Minerals in an all-stock transaction valued at $125 million. The deal aims to create a vertically integrated electronics company by combining Smartkem's materials science with Ferrox's Tivani project, a source of titanium, iron, and vanadium. Closing of the merger is subject to shareholder and regulatory approvals, with consideration based on Smartkem's volume weighted average price over the 30 trading days prior to closing.

•3mo ago

SRx Health Solutions Acquires 4.99% of Smartkem, Inc. (NASDAQ: SMTK)

SRx Health Solutions (SRXH) announced the acquisition of a 4.99% equity stake in Smartkem (SMTK) via a shelf take-down. The transaction also included the purchase of convertible preferred securities by SRXH through a non-brokered private placement. SRXH is currently in a definitive merger agreement with EMJ Crypto Technologies (EMJX), and this investment appears to be part of its broader corporate strategy.

•4mo ago