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BBCNEWS World Business Report September 8, 2021 04:32:00

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SmartKem, Inc. Raises $24.6 Million and Completes Reverse Acquisition

Share this article Share this article MANCHESTER, England, Feb. 24, 2021 /PRNewswire/ -- SmartKem, Inc. (the Company), a pioneer in the development of materials and processes used to make organic semiconductor materials for the manufacture of flexible electronics, today announced the closing of a $24.6 million private placement financing.  Prior to the financing, SmartKem Limited (SmartKem) completed a reverse acquisition transaction with Parasol Investments Corporation (Parasol), a public De...
United States Barbra Keck Simon King Robert Bahns Ian Jenks Exchange Commission

Magnachip Reports Results for Fourth Quarter and Year 2020

Magnachip Reports Results for Fourth Quarter and Year 2020 - Fourth quarter revenue of $142.9 million was up 14.5% sequentially and up 15.9% year-over-year (YoY). It surpassed the midpoint of October guidance by $10.9 million; Full-year revenue of $507.1 million decreased 2.6% YoY due mainly to the exit from the non-automotive LCD business. - Fourth quarter OLED DDIC revenue of $80.4 million set a new quarterly record, representing a 19.0% sequential increase and a 19.4% increase YoY; Full-year...
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