A tech investment available for half price – Investors Chronicle

Tekcapital (TEK:15.25p), an investment company focused on food technology, autonomous vehicles, smart eyewear and respiratory medical devices, has raised £2mn in an oversubscribed placing of new shares, at 15p, adding to the £2.25mn raised in a placing, at 16p, a couple of months ago.
Around £1.6mn of the cash will be used to fund commercial inventory of investee company MicroSalt, a business that has developed and makes a proprietary low-sodium salt. A further £1.5mn has been earmarked for Guident, a developer of remote monitoring and control software (RMCS) that improves the safety of autonomous vehicles and delivery robots, to build out an RMCS facility and fund the fabrication and testing of regenerative shock absorbers for prospective clients in the automotive industry. It’s a sensible use of capital.
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