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Letters of intent in mergers and acquisitions

In acquisitions of privately held companies, an acquisition letter of intent/term sheet is often entered into by both parties. The purpose of the letter of intent is to ensure there is a “meeting of ...
Seeking Alpha

Smartkem and Jericho Energy Ventures Extend Letter Of Intent for Proposed All-Stock Merger to Form U.S.-Owned, AI-Focused Infrastructure Company

Proposed all-stock transaction aims to align JEV's scalable energy platform with Smartkem's (SMTK) semiconductor innovations to power next generation AI data centers MANCHESTER, England, Nov. 20, 2025 ...