Jacobs Ian Seth 4
4 · SmartKem, Inc. · Filed Feb 25, 2021
Insider Transaction Report
Form 4
SmartKem, Inc.NONE
Jacobs Ian Seth
DirectorPresident, Secretary, CEO, CFO
Transactions
- Other
Common Stock, par value $0.0001
2021-02-23−50,000→ 200,000 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.