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Tekcapital ( (GB:TEK) ) has issued an update.
Tekcapital announced that its portfolio company, Guident Corp., has engaged a New York-based investment banker for a private placement and potential Nasdaq IPO. Guident specializes in remote monitoring and control centers for autonomous vehicles, with facilities in Florida, Michigan, and Europe. This move is expected to strengthen Guident’s position in the rapidly evolving autonomous vehicle industry, which emphasizes safety in its rollout processes. Tekcapital’s shareholding in Guident has decreased from 90% to 70% following equity issuance to Guident team members.
More about Tekcapital
Tekcapital Plc is a UK-based intellectual property investment group that focuses on creating valuable products to improve people’s lives. The company invests in university-developed discoveries and is listed on the AIM market of the London Stock Exchange.
YTD Price Performance: 18.64%
Average Trading Volume: 863,122
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.24M
See more data about TEK stock on TipRanks’ Stock Analysis page.
