Business
Portfolio Company Update:Guident Corp Proposed IPO
Portfolio Company Update:Guident Corp Proposed IPO.
About this update from Tekcapital Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company (Companies House registration number 08873361) to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"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.\n12 May 2025\n \n\n \nTekcapital plc\n (\"Tekcapital\" or the \"Company\")\nPortfolio Company Update: Guident Corp.\nConfidential Submission of Draft Registration Statement for Proposed Initial Public Offering\n \nTekcapital Plc (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, is pleased to announce that its portfolio company Guident Corp. (\"Guident\") has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the \"SEC\") relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the \"Securities Act\"). This announcement is being issued in accordance with Rule 135 under the Securities Act.\n \nAbout Guident Corp.\nGuident commercializes patented technology to enable safer autonomous vehicles and devices by providing industry-leading AV remote monitoring, control, assistance, and passenger support services. To learn more, please visit https://guident.com/.\n \nAbout Tekcapital plc\nTekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives. 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.\n \nTekcapital owns approximately 70% of Guident Corp.\nLEI: 213800G...