It was a delight to be joined live from Miami by Dr Clifford Gross, CEO of AIM-listed IP company Tekcapital (TEK). Cliff was speaking at London South East's July webinar, and he confirmed the intention was to either float or do a trade sale with the three remaining portfolio companies, Salarius, Lucyd and Guident.
Cliff told us that all four of his portfolio companies were making excellent commercial progress, with Lucyd and Salarius already generating revenues, Guident will have a remote monitoring and control centre operational in Florida later this year, and that Bellescura has now been successfully floated and will be manufacturing portable oxygen concentrators by the year-end.
Cliff confirmed that the remaining portfolio companies, Guident, Salarius and Lucyd will also be floated or sold within 2 years, with a special dividend to be paid for each separate company.