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ITHACA, N.Y., April 1, 2021 /PRNewswire/
Odyssey Semiconductor Technologies, Inc. ( Odyssey , Odyssey Semiconductor , or the Company ), a semiconductor device company developing innovative high-voltage power switching components based on proprietary Gallium Nitride (GaN) processing technology, today announced it has raised $5 million (1.25 million shares at $4.00 per share) in a common stock private placement to further fund the development and production of high-voltage vertically-conducting GaN power-switching devices. GP Nurmenkari, as consulted by Intuitive Venture Partners, acted as the exclusive placement agent. We welcome the new shareholders to Odyssey Semiconductor and their support in enabling more efficient and compact power conversion for applications such as electric vehicles, said Alex Behfar, Chairman and CEO of Odyssey Semiconductor. With the entire world focused on the adoption of clean energy and electric power, we re excited about the
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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 Delaware corporation, whereby SmartKem became a wholly owned subsidiary of Parasol. Following the acquisition, Parasol changed its name to SmartKem, Inc. and will continue the historic business of SmartKem. The directors of SmartKem, Ian Jenks, Robert Bahns, Dr. Simon King, Klaas de Boer and Barbra Keck, have become the directors of the Company. Ian Jenks has become the Chief Executive Officer of the Company and Robert Bahns has become the Chief Financial Officer of the Company.