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4//SEC Filing

Jacobs Ian Seth 4

Accession 0001104659-21-028484

CIK 0001817760other

Filed

Feb 24, 7:00 PM ET

Accepted

Feb 25, 9:44 PM ET

Size

5.6 KB

Accession

0001104659-21-028484

Insider Transaction Report

Form 4
Period: 2021-02-23
Jacobs Ian Seth
DirectorPresident, Secretary, CEO, CFO
Transactions
  • Other

    Common Stock, par value $0.0001

    2021-02-2350,000200,000 total
Footnotes (1)
  • [F1]Pursuant to the terms of a Share Exchange Agreement, dated as of February 23, 2021, by and among the Issuer, SmartKem Inc. (f/k/a SmartKem Limited) ("SmartKem"), and the former shareholders of SmartKem, on February 23, 2021, all of the equity interests in SmartKem, except certain "deferred shares," exchanged for shares of Issuer's common stock, with SmartKem continuing as the Issuer's wholly owned subsidiary (the "Exchange"). As a condition to the Exchange, pursuant to the terms of a stock cancellation agreement, the reporting person voluntarily surrendered and canceled 50,000 shares of the Issuer's common stock prior to the consummation of the Exchange. The reporting person resigned as a director and officer of the Issuer upon consummation of the Exchange.

Issuer

SmartKem, Inc.

CIK 0001817760

Entity typeother

Related Parties

1
  • filerCIK 0001707297

Filing Metadata

Form type
4
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 9:44 PM ET
Size
5.6 KB