17th Jan 2025 21:44
Tekcapital PLC - London-based intellectual property investor - Says it has raised around GBP500,000 following an unnamed existing shareholder's subscription for 5.1 million shares at Thursday's closing mid-market price of 9.75 pence per share. The firm says the funds raised will be used as additional working capital.
Executive Chair Clifford Gross says: "We are very grateful for the support of one of our existing shareholders who invested in a placing last year and who is keen to increase his investment in the company. This is an exciting time for our company, with three portfolio companies now trading on AIM, one trading on the Nasdaq, and as announced recently, our fifth portfolio company Guident planning a listing in the US."
Current stock price: 9.70 pence
12-month change: up 25%
By Emily Parsons, Alliance News reporter
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