Bird & Bird is pleased to announce we have advised on a recent placing for longstanding client, Tekcapital Plc. On February 29, 2024, Tekcapital conditionally raised a total of £2 million before expenses. The Placing was undertaken by the Company's broker SP Angel Corporate Finance LLP.
This follows on from us advising on the successful spin-out of MicroSalt plc from Tekcapital Plc which was the first AIM IPO of the year.
Tekcapital Plc, a global leader in commercialising university IP and developing IP investment services, continues to demonstrate its commitment to innovation and growth. This successful fundraising marks a significant milestone in Tekcapital’s journey, providing the necessary capital to further its strategic objectives including for investment into new Generative AI portfolio company.
The Bird & Bird team was led by Clive Hopewell, (head of Capital Markets) and Edward Reardon (Senior Associate). The Bird & Bird team also included associate Jazmin Cole.
Clive commented, “We are really happy to have supported our longstanding client Tekcapital in this significant fundraising which follows the successful spin out of MircoSalt. This transaction underscores Bird & Bird’s deep understanding of the technology sector and our ability to navigate complex transactions. Our expertise in the sector, coupled with our commitment to our clients, enables us to provide top-tier legal advice that helps our clients achieve their strategic goals.”
