SMTK Stock Catalyst: SmartKem, Inc. and Ferrox Critical Minerals Announce All-Stock Merger

SmartKem, Inc. (Nasdaq: SMTK) and Ferrox Critical Minerals have entered into a definitive agreement to combine in an all-stock merger. The transaction, valued at $125 million, is expected to close in the coming months, subject to customary closing conditions and regulatory approvals.

The merger aims to create a vertically integrated company with a strong presence in both the semiconductor and critical minerals industries. The combined entity will leverage SmartKem's advanced semiconductor technology and Ferrox's critical minerals expertise to drive growth and innovation.

As of the latest available data, SmartKem has a free float of 19,430,500 shares and 21,446,213 shares outstanding.

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