News blog
Tekcapital
- BY: Andrew Hore |
- POSTED: 30/01/2017 |
Technology and intellectual property services provider Tekcapital has raised £2.44m at 35p a share.
The amount raised was at the upper end of the range indicated and the share price has subsequently risen to 40.5p. Nigel Wray bought more than 1 million of the shares and he owns 17.4% of Tekcapital, with founder Clifford Gross still owning 20.4%.
The cash raised will be used to acquire more intellectual property and expand its sales presence in Latin America.
Tekcapital has already gained licensing rights to a number of different patents, as well as launching medical device business Belluscura. There are plans to float off Belluscura, which raised a total of $2.175m last year, later this year. Tekcapital still owns 65% of Belluscura.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|