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Smartkem, which is seeking to change the world of electronics with a new class of transistor technology, announced that its Board of Directors has authorized management to consider and pursue strategic alternatives involving the Company.
The review will include consideration of transactions intended to increase stockholder value. No timetable has been set for a strategic transaction and there is no assurance that any strategic transaction will result or result in an increase in stockholder value. The Company reserves the right to terminate its review at any time and may determine not to pursue a strategic transaction.
Smartkem intends to continue operating its business in the ordinary course during this process.
While this review is underway, Smartkem remains focused on executing its operational plan to unlock the long-term potential and accelerate towards commercialization of its unique and patented technology.
