TULSA, OK AND MANCHESTER, UK — October 7, 2025 — Leads & Copy — Jericho Energy Ventures Inc. and Smartkem, Inc. have signed a non-binding Letter of Intent for a proposed all-stock business combination, aiming to create a U.S.-owned AI infrastructure company. The merger would integrate Jericho’s energy platform with Smartkem’s semiconductor technology to meet the increasing demand for AI compute capacity.
The combined company plans to develop energy-efficient AI data centers, advanced AI chip packaging, low-power optical data transmission, and conformable sensors. Jericho Energy Ventures CEO Brian Williamson stated that the merger would deliver a new generation of faster, efficient, and more resilient AI data centers. Smartkem Chairman and CEO Ian Jenks believes the combination would allow their patented materials to reach their full commercial potential.
Under the LOI, Jericho stockholders would own 65% and Smartkem stockholders would own 35% of the combined company. Brian Williamson would become the CEO of the Combined Company. The transaction is subject to regulatory approvals and customary closing conditions.
Jericho also announced the appointment of Markus Seywerd as Corporate Secretary, effective October 1, 2025, and the grant of incentive stock options to directors, officers, employees, and consultants.
Brian Williamson, CEO, or Adam Rabiner, Investor Relations, Jericho Energy Ventures Inc., T: 604.343.4534, E: investorrelations@jerichoenergyventures.com
Source: Jericho Energy Ventures
