Yesterday, TEK capital announced a fundraise of US$0.5m at 8p per share for additional investment in its portfolio companies. The placing was completed at an 8.6% discount to the closing mid-market price of 8.75p and represents ~5.4% of the existing ordinary shares of TEK, or 5.1% of the enlarged share capital of the company.
18 Nov 2020
SP Angel Spec Sits: Raised US$0.5m for Strategic Investment
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SP Angel Spec Sits: Raised US$0.5m for Strategic Investment
Tekcapital Plc (TEK:LON) | 8.8 0 (-1.7%) | Mkt Cap: 17.5m
- Published:
18 Nov 2020 -
Author:
Tania Maciver -
Pages:
2
Yesterday, TEK capital announced a fundraise of US$0.5m at 8p per share for additional investment in its portfolio companies. The placing was completed at an 8.6% discount to the closing mid-market price of 8.75p and represents ~5.4% of the existing ordinary shares of TEK, or 5.1% of the enlarged share capital of the company.