Filing Details

Accession Number:
0001104659-21-027350
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-02-24 13:35:21
Reporting Period:
2021-02-23
Accepted Time:
2021-02-24 13:35:21
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1817760 Smartkem Inc. NONE Blank Checks (6770) 851083654
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1845960 Klaas Boer De Hexagon Tower
Delaunays Road, Blackley
Manchester X0 M9 8GQ
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2021-02-23 200,000 $2.00 200,000 No 4 P Indirect By spouse
Common Stock Acquisiton 2021-02-23 3,585,252 $0.00 3,585,252 No 4 J Indirect By Entrepreneurs Fund LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By spouse
No 4 J Indirect By Entrepreneurs Fund LP
Footnotes
  1. In connection with a share exchange transaction with SmartKem Limited that occurred on February 23, 2021, Entrepreneurs Fund LP exchanged all of their SmartKem Limited shares for 3,585,252 shares of common stock of Parasol Investments Corporation, now known as SmartKem, Inc.
  2. Reporting person is the managing partner of Entrepreneurs Fund Management LLP, which may be deemed to have voting and investment power with respect to the securities held by the Entrepreneurs Fund LP, as Entrepreneurs Fund Management LLP is an advisor to Entrepreneurs Fund General Partner Limited which is the general partner of Entrepreneurs Fund LP. Reporting Person is involved with approving investment and voting recommendations to the general partner. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the reporting person, Entrepreneurs Fund LP or any other person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.