A $2m deal has been struck by a firm which makes materials for flexible electronics such as bendable smart phone displays, foldable laptops and TV backlights.
SmartKem, which is headquartered in Manchester, has completed the sale of one million shares in its common stock to current investor Octopus Ventures, an investor with stakes in the likes of Cazoo.
Each share was sold at a price of $2 which resulted in total proceeds of $2m.
