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Vox Markets Podcast – Covering Vela Technologies #VELA, Deltic Energy #DELT, GreenX Metals #GRX and Tekcapital #TEK
Alan Green CEO of Brand Communications talks about the endless bearish sentiment and covers news from the following companies:
Vela Technologies #VELA
Deltic Energy #DELT
GreenX Metals #GRX
Tekcapital #TEK
https://www.voxmarkets.co.uk/articles/alan-green-discusses-vela-technologies-deltic-energy-greenx-metals-tekcapital-9c6bdfe/
Vox Markets Podcast – Alan Green covers the following companies: Team17 #TM17 Tekcapital #TEK and Tertiary Minerals #TYM
Alan Green CEO of Brand Communications talks about being in Snowdonia this weekend, taking the sensible option of being on a motorbike, rather than hiking like me. Plus Alan also covers news from the following companies:
Team17 #TM17
Tekcapital #TEK
Tertiary Minerals #TYM
https://www.voxmarkets.co.uk/articles/alan-green-covers-team17-tekcapital-tertiary-minerals-f019d8c/
Tekcapital #TEK – Investee Company Portfolio MicroSalt® lower sodium salt-shakers will launch 1 October 2022
Tekcapital #TEK – Investee Company Portfolio MicroSalt® lower sodium salt-shakers will launch 1 October 2022
Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF) the UK intellectual property investment group focused on creating valuable products from investing in university technology that can improve people’s lives, is pleased to announce that MicroSalt® is slated to launch its salt-shakers, the first, full-flavour, lower sodium table salt, to major retail chains on 1st October 2022.
The MicroSalt® shakers will be available in both 2-ounce and 6-ounce sizes. These new shakers offer an improved way for consumers to reduce their sodium intake without sacrificing taste. To view shakers click here.
“We are proud to be able to bring such an essential product to consumers nationwide. Sodium is one of the leading contributors to hypertension and these shakers can help minimize the negative impact that excess sodium consumption has on human health,” says Rick Guiney, CEO of MicroSalt®.
MicroSalt® shakers will be debuted at the Expo East Food convention in Philadelphia the week of 28 September 2022, with sales beginning to major retail chains and food distribution channels starting October 2022. MicroSalt® shakers will also be available for purchase on Amazon in the later part of October 2022.
MicroSalt® has already received commitments from UNFI, North America’s premier food wholesaler, for placement in several of its distribution centers.
MicroSalt® is also exploring product line extensions with sea salt and Himalayan salt as well as territorial expansion into the U.K., Western Europe and Canada beginning in 2023.
About MicroSalt
MicroSalt, is the developer and manufacturer of a proprietary low-sodium salt called MicroSalt®. We are passionate about improving peoples’ lives with better-for-you seasonings and snacks by taking the lead in the industry by providing the best low-sodium salt solution, based on the mechanical transformation of the salt particle itself. This solution is the only one that delivers real salt flavor because it is salt. Our new patented technology produces salt crystals that are approximately one hundred times smaller than typical table salt, delivering a powerful saltiness as the micro-grains dissolve in the mouth, with approximately 50% less sodium consumption. Additionally, the ultra-small particle size enhances product adhesion, which reduces waste and provides improved flavor consistency. MicroSalt® and SaltMe® are registered trademarks of MicroSalt Inc.
To learn more about MicroSalt please visit https://www.microsaltinc.com
To learn more about SaltMe! snacks please visit https://saltme.com/.
Tekcapital owns 97.2% of the share capital of MicroSalt Ltd. and 73% of MicroSalt Inc. its U.S. subsidiary.
About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
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Tekcapital Plc |
Via Flagstaff IR |
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Clifford M. Gross, Ph.D. |
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
+44 (0) 20 3470 0470 |
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Richard Morrison / Charlie Bouverat (Corporate Finance) Rob Rees (Corporate Broking)
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This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving MicroSalt that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of MicroSalt’s and/or Tekcapital’s management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of MicroSalt or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Neither MicroSalt nor Tekcapital intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
Kemeny Capital – Tekcapital #TEK, discount to NAV with opportunities on the horizon
Some 100,000 patent applications are filed worldwide each year by leading universities and research institutions. This company’s strategy is to help to transform university discoveries into valuable products that have the capability of providing a positive impact on a large number of people. Working across several technology sectors, it looks to capture innovation developed by some of the world’s finest minds.
Highlights:
- Tekcapital trades at a significant discount to Portfolio Company NAV
- Further liquidity events on the horizon
- Diverse range of technology providing a positive impact on people’s lives
Download your research report now for instant access.
Tekcapital #TEK – Innovative Eyewear Inc announces debut of Lucyd Lyte Fall ’22 Collection, and closes $7.35m IPO
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group focused on transforming university technologies into valuable products is pleased to announce that Innovative Eyewear Inc. (NASDAQ: LUCY; LUCYW), a developer and retailer of smart eyewear designed to allow the users to remain connected to their digital lives, today announced the launch of their Lucyd® Lyte Fall ’22 smart eyewear line.
The product debut introduces four new designer smart frames and the new Lucyd charging dock accessory. Strategically embedded, streamlined hinges integrated with the latest fashion trends make these frames the most stylish releases to-date for the company. Additionally, these new designs bring improvements to the build quality and audio fidelity of all Lucyd frames. The new Lucyd dock accessory can wirelessly charge all Lucyd Lyte models and up to three other USB-charged devices simultaneously, offering an organized and compact way to charge your go-to devices. The dock makes charging Lucyd eyewear as easy as setting the glasses down on your nightstand, making the Lucyd experience more user-friendly than ever.
View the new products here .
Harrison Gross, Lucyd CEO & Cofounder said, “Our mission at Lucyd has always strived to be the ‘go-to upgrade’ of your eyewear from sunglasses to prescription frames you wear all-day, everyday day. Simply put, the Lyte Fall ’22 collection comprises our most advanced glasses yet. The new hinge design offers a sheerness that makes the frames almost indistinguishable from traditional designer eyewear. Our new Jupiter style weighs just 1oz; it’s aesthetically refined and we believe is one of the lightest smart eyewear lines available today. Finally, the Lucyd charging dock is a new, patent-pending accessory that makes charging the glasses wireless and worry-free.”
To celebrate the launch, Lucyd is offering 10% off all purchases on Lucyd.co for a limited time. With the introduction of the Lyte Fall ’22 collection, there’s never been a better time to #upgradeyoureyewear®. Customers can head to Lucyd.co and customize their frames with numerous lens options, including 16 tints available in a full range of prescriptions and a basic clear Rx lens starting at just $35.
Innovative Eyewear, Inc. Announces Closing of $7.35 Million Initial Public Offering
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF) also announces that Lucyd has closed its US$7.35 million Initial Public Offering.
Innovative Eyewear, Inc. (“Innovative Eyewear”) (NASDAQ: LUCY; LUCYW), today announced the closing of its previously announced initial public offering of 980,000 units consisting of 980,000 shares of its common stock and 1,960,000 Warrants to purchase 1,960,000 shares of common stock at a combined offering price of $7.50 per unit, for gross proceeds of approximately $7.35 million, before deducting underwriting discounts and offering expenses. Each share of common stock was sold together with two Warrants, each Warrant to purchase one share of common stock with an exercise price of $7.50 per share. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 147,000 shares of common stock and/or warrants to purchase up to an additional 294,000 shares of common stock to cover over-allotments, of which Maxim Group LLC has exercised its option to purchase additional warrants to purchase 294,000 shares of common stock.
The shares of common stock and warrants began trading on The Nasdaq Capital Market on August 15, 2022, under the symbols “LUCY” and “LUCYW,” respectively.
The Company intends to use substantially all of the net proceeds from the offering for advancing its sales and marketing, expanding inventory, updating and producing in-store displays, developing new styles and sizes of the Company’s smart eyewear, and for working capital and other general corporate purposes.
Maxim Group LLC acted as the Sole book-running manager in connection with the offering.
A registration statement on Form S-1, as amended (File No. 333-261616) was filed with the Securities and Exchange Commission (“SEC”), which became effective on August 12, 2022. A final prospectus relating to the offering was filed with the SEC and is available on the SEC’s website at http://www.sec.gov. The offering was made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering, may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, at (212) 895-3745.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and retailer of smart eyewear, which are designed to allow the users to remain connected to their digital lives, while also offering prescription eyewear and sun protection. The Company believes that traditional frames, no matter how attractive, do not possess the functionality that many eyeglass wearers need and want. Smart eyewear is a multifunctional product that addresses the needs of the optical, hearables and digital assistant markets. We believe that the Company’s products are well positioned in this rapidly growing wearables ecosystem, with the mission to Upgrade Your Eyewear®. For more information, please visit www.lucyd.co .
Tekcapital currently owns 100% of the share capital of Lucyd Ltd and 5,189,086 shares (approximately 71% post-IPO) of its U.S. operating subsidiary, Innovative Eyewear, Inc.
For further information, please contact:
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Tekcapital Plc |
Via Flagstaff |
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Clifford M. Gross, Ph.D. |
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
+44 (0) 20 3470 0470 |
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Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)
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Flagstaff Strategic and Investor Communications |
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+44 (0) 20 7129 1474 |
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Tim Thompson/Andrea Seymour/Fergus Mellon |
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About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com .
LEI: 213800GOJTOV19FIFZ85
Forward-Looking Statements
This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Innovative Eyewear, Inc., Lucyd or Tekcapital that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Tekcapital or Lucyd’s management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Innovative Eyewear Inc., Lucyd and/or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Neither Innovative Eyewear Inc, Lucyd nor Tekcapital intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated
Tekcapital #TEK – CEO Clifford Gross talks progress to date with Alan Green, including the Lucyd Nasdaq IPO
Tekcapital #TEK – CEO Clifford Gross talks progress to date with Alan Green, including the Lucyd Nasdaq IPO. Clifford talks through the recent full year results, the substantial growth in NAV and the share price performance. We then look at Tekcapital’s global discovery network, before looking at the four key investments held by the company, including Lucyd, Belluscura, Guident and Salarius (Microsalt). We end by looking at the progress to date, including client list, client testimonials and press coverage and what the next few years might hold.
Tekcapital #TEK – SP Angel Research Buy rating, with 49p target price
Event: Lucyd’s US subsidiary, Innovative Eyewear Inc., completed an IPO on Nasdaq.
- The IPO for Innovative Eyewear Inc. was priced on 14 August 2022 issuing 980,000 new units at US$7.50 per unit, for a total of US$7.35m. Each unit was comprised of one share and 2 warrants in the company.
- The pre-money value of LUCY was set at US$47.5m, translating to a post money/IPO value of US$54.8m
- TEK owns 100% of Lucyd Ltd. and approximately 71% of Innovative Eyewear Inc. post IPO
- The IPO places a market value of US$54.8m on LUCY, translating to US$38.9m for TEK’s 70%, a 43.5% premium to its book value holding.
Outlook: We continue to believe there is significant upside to the current valuations of each of TEK’s portfolio companies. Looking at the valuation of the portfolio companies we derive a minimum current value for TEK of ~49p/shr. We continue to rate TEK a Buy.
Link here to view SP Angel Research
Tekcapital #TEK – Lucyd subsidiary Innovative Eyewear Inc. Announces Pricing of US$7.35 Million Initial Public Offering
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group focused on transforming university technologies into valuable products that can improve people’s lives, is pleased to announce that Innovative Eyewear Inc. a subsidiary of portfolio company Lucyd, has announced pricing of its US$7.35 million Initial Public Offering.
Innovative Eyewear, Inc. (“Innovative Eyewear”) (NASDAQ: LUCY; LUCYW), a developer and retailer of cutting-edge eyeglasses and sunglasses designed to allow the users to remain connected to their digital lives, today announced the pricing of its initial public offering of 980,000 units consisting of 980,000 shares of its common stock and accompanying warrants to purchase up to 1,960,000 shares of common stock. Each share of common stock is being sold together with two Warrants, with each warrant exercisable for one share of common stock, at a combined offering price of US$7.50, for gross proceeds of approximately US$7.35 million, before deducting underwriting discounts and offering expenses. The warrants will be immediately exercisable at an exercise price of US$7.50 per share and will expire five years from the date of issuance. In addition, Innovative Eyewear has granted the underwriters a 45-day option to purchase up to an additional 147,000 shares of common stock and/or 294,000 warrants to purchase up to shares of common stock (ordinary shares) to cover over-allotments at the initial public offering price, less the underwriting discount. All of the shares of common stock and warrants are being offered by Innovative Eyewear.
Innovative Eyewear’s shares of common stock and warrants are expected to begin trading on the Nasdaq Capital Market on August 15, 2022, under the symbols “LUCY” and “LUCYW,” respectively. The offering is expected to close on August 17, 2022, subject to satisfaction of customary closing conditions.
Innovative Eyewear intends to use substantially all of the net proceeds from the offering for advancing its sales and marketing, expanding inventory, updating and producing in-store displays, developing new styles and sizes of the Innovative Eyewear’s smart eyewear, and for working capital and other general corporate purposes.
Maxim Group LLC is acting as the sole book-running manager in connection with the offering.
A registration statement on Form S-1 (File No. 333-261616) was filed with the US Securities and Exchange Commission (“SEC”), which became effective on August 4, 2022. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. The offering is being made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering, when available, may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, at (212) 895-3745. Before investing in this offering, interested parties should read in its entirety the registration statement that Innovative Eyewear has filed with the SEC, which provides additional information about the Company and this offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and retailer of smart eyewear, which are designed to allow the users to remain connected to their digital lives, while also offering prescription eyewear and sun protection. The Company believes that traditional frames, no matter how attractive, do not possess the functionality that many eyeglass wearers need and want. Smart eyewear is a multifunctional product that addresses the needs of the optical, hearables and digital assistant markets. We believe that the Company’s products are well positioned in this rapidly growing wearables ecosystem, with the mission to Upgrade Your Eyewear®. For more information, please visit www.lucyd.co .
Tekcapital currently owns 100% of the share capital of Lucyd Ltd and 5,189,086 shares (approximately 70% post-IPO) of its U.S. operating subsidiary, Innovative Eyewear, Inc. Assuming the offering is fully subscribed, at the initial public offering price, Innovative Eyewear will have a market capitalization of approximately US$55m.
For further information, please contact:
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Tekcapital Plc |
Via Flagstaff |
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Clifford M. Gross, Ph.D. |
||
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
+44 (0) 20 3470 0470 |
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Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)
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About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com .
LEI: 213800GOJTOV19FIFZ85
Forward-Looking Statements
This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Innovative Eyewear, Inc., Lucyd or Tekcapital that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Tekcapital or Lucyd’s management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Innovative Eyewear Inc., Lucyd and/or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Neither Innovative Eyewear Inc, Lucyd nor Tekcapital intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.