RE: IPO on Monday?26 Jul 2022 20:34
Great find TI - I'm not sure how to quantify the worth to TEK but will try and get my head around it. (skim read implies a raise of $8 million against a valuation of $75 million. Is that right ?) The warrants complicate it a bit as on the surface we're trebling what we are giving away with the 2 x 1 - However, it may be a smart move if it get's the IPO off the ground and they're not exercisable until the IPO price doubles (so $150 million) - I think by that point, and with that value as long as TEK are holding a significant chunk it's gravy all the way whatever.
I'm pretty confident that both Salarius and Guident, will nail it in due course, so in many ways this is the one I'd like most to see IPO'd. A million dollars revenue to March 22 is not an insignificant turnover so that's definitely a good pointer that this is going the right way.
GLA