TIDMTEK
RNS Number : 6326D
Tekcapital plc
22 June 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as imported into the
laws of England and Wales by virtue of the European Union
(Withdrawal) Act 2018 (as amended) and certain other enacting
measures ("UK MAR"). With the publication of this announcement via
a Regulatory Information Service ("RIS"), this inside information
is now considered to be in the public domain.
22 June 2023
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Innovative Eyewear Announces Pricing of US$4.7 Million Public
Offering
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual
property investment group announces that Innovative Eyewear, Inc.
("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the developer and
retailer of smart eyewear under the Lucyd(R), Nautica(R), Eddie
Bauer(R) and Reebok(R) brands, has announced the pricing of a
public offering of 4,500,000 units, with each unit consisting of
one share of common stock and one warrant to purchase one share of
common stock.
Each unit is being sold at a public offering price of US$1.05.
The warrants in each unit will be immediately exercisable at a
price of US$1.05 per share and will expire five years from the date
of issuance. The shares of common stock and the accompanying
warrants can only be purchased together in this offering but will
be issued separately and will be immediately separable upon
issuance.
Gross proceeds, before deducting placement agent fees and
estimated offering expenses, are expected to be approximately
US$4.7 million. The Company intends to use the proceeds from the
offering primarily for working capital and general corporate
purposes.
The offering is expected to close on June 26, 2023, subject to
customary closing conditions.
Maxim Group LLC is acting as sole placement agent in connection
with this offering.
The securities described above are being offered pursuant to a
registration statement on Form S-1 (File No. 333-272737), which was
declared effective by the Securities and Exchange Commission (the
"SEC") on June 21, 2023. The offering is being made only by means
of a prospectus, which is a part of the effective registration
statement. A preliminary prospectus relating to the offering has
been filed with the SEC. Copies of the final prospectus relating to
this offering, when available, will be filed with the SEC and may
be obtained from Maxim Group LLC, 300 Park Avenue, 16(th) Floor,
New York, NY 10022, at (212) 895-3745.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or other
jurisdiction.
About Innovative Eyewear, Inc.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and retailer of cutting-edge
smart eyewear, under the Lucyd(R), Nautica(R), Eddie Bauer(R) and
Reebok(R) brands. True to our mission to Upgrade Your Eyewear(R),
our Bluetooth audio glasses allow users to stay safely and
ergonomically connected to their digital lives, and are offered in
hundreds of frame and lens combinations to meet the needs of the
optical market. To learn more and explore our continuously evolving
collection of smart eyewear, please visit www.lucyd.co.
Tekcapital currently owns 5,189,086 shares of Innovative
Eyewear, Inc.
For further information, please contact:
Tekcapital Plc Via Flagstaff
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker) +44 (0) 20 3470 0470
Richard Morrison/Charlie Bouverat (Corporate
Finance)/Abigail Wayne / Rob Rees (Corporate
Broking)
Flagstaff Strategic and Investor Communications +44 (0) 20 7129 1474
Tim Thompson/Andrea Seymour/Fergus Mellon
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, Innovative Eyewear Inc. 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. Other than as required
by relevant regulation or law, 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCSEIFEEEDSEEM
(END) Dow Jones Newswires
June 22, 2023 08:27 ET (12:27 GMT)
Grafico Azioni Tekcapital (LSE:TEK)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Tekcapital (LSE:TEK)
Storico
Da Lug 2023 a Lug 2024