Member Info for wozzer70

Lord... It’s clear we’re approaching this from two completely different paths, and that’s absolutely fine. At this stage the mechanics, filings and market response will do the talking far better than either of us. We’ll see which view proves correct at the finish line.

I am 💯% confident in my research.

Good luck 🍀

Guident is the last major private position.

Once it prices publicly:

➡️ Tekcapital’s entire balance sheet steps out of the dark

➡️ NAV becomes transparent

➡️ Discount to NAV narrows

➡️ Market can finally rerate TEK properly

This is the real value crystallisation.

Whether Tek sells immediately or holds doesn’t change the fact that:

🎯 Public mark = crystallised valuation event

The market doesn’t need Tek to sell shares on day one for a rerate.

It just needs visibility.

Market Reality

Guident is the final jigsaw piece. IPO = NAV reset = rerate. Market finally sees true valuation.”

➡️ Correct.

➡️ Matches how investment companies are valued globally.

An investment company rerates when its hidden assets become publicly priced.

NOT when they sell them.

That’s why Tekcapital doesn’t need to sell anything for the rerate to happen

Guident isn’t comparable to the earlier IPOs.

This is the last major asset moving from a private mark to a public valuation, and that alone materially shifts Tekcapital’s NAV for the first time in years.

Whether Tek sells immediately or later is optional - the crystallisation event is the IPO pricing itself. Once the value is marked-to-market, the discount to NAV almost inevitably narrows.

The portfolio is now streamlined, M-Salt already listed, and Guident completes the picture. That’s why many see this as the final piece of the jigsaw, not just another standalone IPO.

Guident’s latest S-1 amendment confirms the IPO process is in its final stages. That matters for TEK because Guident will be the largest single asset to move from an internal carrying value to a public market valuation - a classic value-crystallisation event.

Key, verifiable points to keep front and centre: - Guident has filed successive S-1 amendments and is targeting a Nasdaq listing (public S-1 amendments available).

• The S-1 shows a modest primary offering / float and a defined price range - that’s the mechanism by which the market will set a public value for Guident.

• Once Guident prices, Tek’s published NAV (most recently the H1 figures) will have a live market anchor for a meaningful portion of the portfolio. That makes it more likely the holding-company discount narrows if Guident trades well.

• Short term: expect noise, a potential first-day pop or wobble for GDNT, and rapid re-pricing discussion for TEK once official pricing is published.

• Medium term: if GDNT holds post-IPO and execution continues, TEK’s NAV link to a publicly-priced asset is a structural positive.

Plain reality check - nothing guaranteed: final outcomes depend on the IPO pricing, how GDNT trades in the aftermarket, and Tekcapital’s subsequent NAV disclosures or any formal monetisation (dividend / sell-down). For now, the process is active - and that’s the big change after years of “value locked” rhetoric.

The Waymo collisions actually highlight why companies like Guident are becoming essential to the AV industry, not a negative against it.

Every major autonomous operator has already accepted one unavoidable truth:

no matter how advanced the vehicle AI is, you still need a human-in-the-loop safety layer.

That’s exactly the gap Guident is positioned to fill.

When two autonomous taxis collide and a third freezes on the road, the issue isn’t “autonomy is failing” - it’s that real-time intervention capability is missing. Low-latency remote monitoring and teleoperation is becoming the industry standard because:

AVs can misinterpret edge cases

Road conditions change rapidly

Removing safety drivers requires a remote fallback

Regulators want human oversight for urban environments

Operators need a way to clear stalled vehicles instantly

This is the direction the entire market is moving in.

Guident’s system is designed for the exact scenario you described:

sub-second decision-making from a remote operator whenever autonomy hits a limit.

That’s why the sector is now shifting to a hybrid model of:

Autonomy first ➡️ human oversight second ➡️ remote intervention when needed.

It’s not a weakness.

It’s the next evolution of the industry.

And companies with the capability to provide that safety net - like Guident - stand to benefit from every headline showing why it’s needed.

Sharing an updated look at the long-term TEK chart, as the structure has now tightened into one of the most interesting setups we've seen in years.

1️⃣ Major Resistance Cluster (13p–20p)

The chart continues to show a heavy cluster of historical resistance between 13p, 15p and 20p.

These aren't random levels - they’re areas where TEK repeatedly topped out during previous cycles.

They now form the key neckline zone for any macro trend reversal.

A clean break above 13p would be the first real signal that momentum is shifting, with 15p ➡️ 20p being the logical extensions.

2️⃣ Long-Term Downtrend Compression

Price has been narrowing between:

Rising support from the 5–6p base

Declining resistance from 15–20p

This creates a large multi-year wedge, now reaching the point of terminal compression.

Historically, long wedges in small-caps don’t resolve sideways - they resolve violently.

We are effectively in the “coiled spring” phase.

3️⃣ Repeated Rejections = Stored Energy

Every yellow marker on the chart lines up with repeated attempts to push through the same structure.

That’s not weakness - that’s accumulation pressure.

The more times a resistance is tested, the weaker it becomes. TEK has now tapped these necklines enough times that any fundamental spark could trigger a breakout.

4️⃣ Breakout Levels to Watch

9.5–10p – micro breakout

12–13p – short-term trigger

15p – trend structure break

20p – macro reversal confirmation

Above 20p, the chart structure opens up considerably.

5️⃣ Bias Turning Bullish

With recent fundamental developments + Amendment No.4 aligning timelines, the technicals are now reflecting:

Higher lows

Tighter consolidation

Volume rotation at the base

These are classic early signals ahead of a structural move.

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✅ Summary

TEK has been suppressed within a long multi-year wedge, but price is now sitting at the apex with a rising base underneath it. Historical resistance levels between 13–20p remain the key battleground. A break above 13p would invalidate the long downtrend, and 15p/20p open the door to a full trend reversal. The chart is showing compression, accumulation and momentum setup - much more bullish than earlier in the year.

CHART📊

https://docs.google.com/document/d/12AXekfMiPgzH3NpokvrMCCTe8l0QNIoxjFLNspCK61w/edit?usp=drivesdk

Today’s S-1/A (Amendment No.4) is, in my view, the clearest indication yet that Guident is entering the final procedural stage before IPO. This update wasn’t about changing the business, numbers, or risk factors - it was purely to satisfy the SEC’s last technical requirements around plan of distribution, liability wording, and final signatures.

That tells us one thing:

The heavy lifting is now done. What remains is mechanical, not developmental.

From here, the potential expected sequence is straightforward:

1️⃣ SEC effectiveness

2️⃣ 424B prospectus with pricing

3️⃣ IPO date confirmation

4️⃣ Market-making & early trading volume

5️⃣ Tekcapital’s NAV gap begins to close

If the SEC backlog clears in early 2026, it could look very different from where we are today. Institutions can finally participate, the structure of the prospectus supports a clean offering, and Tekcapital’s discount-to-asset value becomes harder for the market to ignore.

Three years of waiting for myself, delays, shutdowns and filings - and now the process is finally accelerating instead of dragging.

This latest amendment brings us right to the edge of the finish line. The next substantial update we see may well be the one that changes the entire landscape for TEK holders. 💫

And remember - we’re not just dealing with “another tech listing.” Robotics, autonomous systems, and remote operations are entering a breakout adoption cycle in the US, with global investment hitting new highs. Guident sits directly in the flow of that trend with its safety-critical remote monitoring and teleoperation platform - a segment expected to grow rapidly as regulation tightens and fleets scale.

For Tekcapital, that means:

. Major NAV uplift potential once Guident lists

. Exposure to one of the fastest-growing robotics verticals

. A rare UK-listed gateway into a US automation boom

The story is finally aligning: filings almost complete, timing improving, and sector momentum building.

This amendment takes us right to the edge of the finish line - and robotics is the tailwind ready to carry the whole thing forward. 💫

Latest S-1 amendment just dropped.

This filing contains ZERO new business disclosures, ZERO financial changes, and NO alterations to the IPO structure.

It's pure procedural housekeeping, the exact type of amendment companies file right before the SEC gives the final green light.

What Amendment No.4 actually tells us:

✅ All SEC comments appear to be resolved

✅ Guident is declaring the final legal undertakings required before going effective

✅ Only standard boilerplate liability language added

✅ Management + board signatures included (big tell…)

✅ No red flags, no delays, no surprises

This is the typical “we’re done… please declare us effective” amendment.

In other words:

Guident is now in the final stage - the legal mop-up before the 424B pricing docs appear.

If news doesn’t drop in the next few days (thanks to the US market shutdown), it’s almost certainly landing early 2026 once the backlog clears.

After 3 years of waiting, this is the closest we’ve been.

All eyes now on the pre-IPO run-up. 🧐💫

https://www.sec.gov/Archives/edgar/data/2066926/000182912625009792/guidentcorp_s1a4.htm

Tekcapital – Guident S‑1/A, IPO phase and how to think about value

Guident has now filed Amendment No. 3 to its S‑1 with the SEC for a firm‑commitment Nasdaq IPO under ticker GDNT. The latest filing sets out an offer of 1,704,545 shares with an indicated price range of $7.80–$9.80, using $8.80 as the midpoint. The IPO will only proceed once the SEC process is complete and Nasdaq approves the listing, so we’re effectively in the quiet pre‑pricing phase where final terms are agreed and investors are sounded out.

Tekcapital currently owns 70% of Guident, and the prospectus indicates the principal shareholder will retain majority voting control post‑IPO, so strategy remains aligned while the business scales. On Tekcapital’s side, the latest unaudited H1 2025 numbers show NAV of about US$77.4m, or roughly 26–27p per share, across the Tekcapital portfolio, while the AIM price trades on a steep discount to that NAV.

Until Guident actually prices, any valuation is only a scenario, but the S‑1/A range makes it reasonable to think in terms of Guident being worth tens of millions of dollars, with some investors modelling potential outcomes in the $60–70m area depending on final pricing and early trading. If Guident lands in that sort of zone and trades well, it strengthens the case that Tekcapital’s 70% stake plus the rest of the portfolio justify a higher value than today, and could help narrow the discount to NAV.

Rather than saying “Tekcapital will be Xp post‑IPO”, the more realistic way to frame it is:

Tekcapital already has a published NAV in the mid‑20s pence per share.

Guident’s IPO should crystallise a live market value for a big chunk of that NAV.

If the usual holding‑company discount narrows after Guident is listed and delivering newsflow, a share price materially higher than the current single‑digit level becomes plausible over time, though the exact level will depend on Guident’s final valuation, broader market conditions, and how MicroSalt, Belluscura and the rest perform.

From here, the key things to watch are:

(1) final IPO pricing and valuation for Guident,

(2) how GDNT trades in the first days/weeks, and

(3) updated NAV / strategy comments from Tekcapital once the IPO is completed. All figures above are illustrative only and not advice; they will move with final Guident pricing, market sentiment and portfolio performance.

https://www.investing.com/news/stock-market-news/guident-plans-nasdaq-ipo-of-17-million-shares-at-780980sh-432SI-4387032​

https://www.investegate.co.uk/announcement/rns/tekcapital--tek/unaudited-half-yearly-report/9127416​

https://ukinvestormagazine.co.uk/analysts-see-highly-likely-re-rating-of-tekcapital-shares-on-guident-ipo/​

https://www.sec.gov/Archives/edgar/data/2066926/000182912625009594/guidentcorp_s1a3.htm

🚀 Major Step Forward – New S-1/A3 Filing Confirms We’re Near the Finish Line

For anyone still watching quietly (and it’s been very quiet), a brand-new S-1/A3 has just been posted for Guident. These late-stage amendments are usually only filed when a company is lining up the final pieces before effectiveness.

This is exactly the kind of movement you want to see right before an IPO completes.

No radio silence. No stalled process. Just another clear sign that the SEC review is wrapping up and the company is preparing for the pricing phase.

If you look at the pattern of filings for similar micro-cap IPOs, this stage normally means we are in the final stretch. Once the SEC signs off, things tend to move fast - roadshow > pricing > listing.

Combine this with recent Tek RNS activity, the tightening spread, and the return of larger trades today… and it feels like the market is starting to position itself quietly ahead of what’s coming.

No dates, no guarantees - but the momentum is absolutely pointing one way.

Stay sharp. Things are lining up.

https://www.sec.gov/Archives/edgar/data/2066926/000182912625009594/guidentcorp_s1a3.htm

Guident IPO – Where We Are Now

It’s been quiet here, but the IPO process itself hasn’t stopped.

We’re actually in the normal “final slow phase” - the part where nothing gets announced until filings drop.

What’s already done:

S-1 filed

Updated S-1/A

Underwriters in place

Commercial wins & contracts announced

That’s everything a company needs before moving to the final stage.

What happens next:

✅ Final S-1/A with confirmed terms

✅ SEC effectiveness notice

✅ Pricing

✅ Trading

These steps always come quickly once the silent phase ends.

If there were delays or issues, Guident would have to file a notice - and none have appeared. The quiet is normal and expected at this point.

When the next filing lands, that’s when things move fast. 💫

bull****: agreed. interesting to see how some of the valuations have changed over time. just reinforces the need to wait for the final ipo figures.

calculating the precise impact on tekcapital's nav is impossible until the final ipo terms are confirmed.

follow the process as that's the key focus, everything is active and moving forward, just a matter of ticking off each process as it arrives.

cheers 👍

Bullsit- If your referring to myself as Stas, then that assumption would be incorrect.

I reported and blocked that user for insults and to be honest his posts do not align with what's always going on.

They are just the wrong kind of noise, that I do not focus on, hence why he got blocked and reported for insults.

All will be revealed in good time for any future valuations, hopefully sooner rather than later

Good luck

Why the proposed figures can change,

Institutional demand: The roadshow is used to gauge interest from large institutional investors. If demand is strong, the IPO could be upsized, and the final price could be set at the higher end of or even above the proposed range.

Bookrunner pricing: The underwriters, Prime Number Capital and Dominari Securities, will use the book-building process to set the final pricing based on the level of demand.

Market conditions: The overall market sentiment can also influence pricing. The IPO market for tech ventures has been selective, rewarding companies with clear revenue visibility. Guident's ability to demonstrate a strong growth trajectory will be critical.

What this means for Tekcapital and its shareholders:

Speculative NAV impact: Any calculations of Tekcapital's NAV based on the S-1/A figures are speculative until the final IPO price and share count are confirmed.

Post-IPO confirmation: Investors will need to wait for the final IPO terms to determine the true value of Tekcapital's stake in Guident and the corresponding NAV impact.

Focus on process: For now, the most important takeaway is that the IPO process is active and moving forward, which could help to "crystallise" value for Tekcapital.

Exactly, until the roadshow and final terms are set, everything is only provisional. The S-1/A gives structure, not valuation.

Guident’s potential valuation and what that could mean for Tekcapital. Just to keep things grounded:

Nobody on this board knows the final IPO valuation.

Not me, not you, not anyone here.

The S-1/A only gives the proposed terms and the mechanics.

The final valuation will be set by:

institutional demand

bookrunner pricing

the final accepted bid range

the number of shares actually taken up

Until those numbers are confirmed, everything here is only speculation.

The only reliable approach right now is:

1. Wait for the definitive IPO pricing.

2. See how many shares are actually sold.

3. Calculate Tekcapital’s post-IPO percentage based on the final share count.

4. Then work out the true NAV impact.

Anything before that is guesswork and will likely lead to disappointment if expectations run too far ahead.

For now, the only factual takeaway from the recent filing is that Guident’s process is still active and progressing.

Everything else will be known once the final IPO terms drop.

After reviewing all S-1 filings, including the latest amendment, here’s my personal outlook, no debates, no assumptions beyond what’s already in the documents.

For me, a reasonable IPO range for Guident sits around $60–75m.

Here’s why:

1️⃣ The reverse split is the biggest clue.

This isn’t just to meet Nasdaq minimums , it positions the share price in the institutional comfort zone.

Companies only anchor higher when they’re expecting serious interest.

2️⃣ Guident is already an early leader in autonomous teleoperation safety.

Their tech isn’t “future hope”. It’s positioned directly in a sector that’s becoming a regulatory requirement.

That earns higher valuations.

3️⃣ The S-1 amendment openly mentions immediate dilution.

Retail see this as negative. Institutions see it as a sign of expansion.

It usually signals confidence in strong demand and follow-on growth.

4️⃣ A valuation that’s too low risks institutional rejection.

$20–30m IPOs don’t get taken seriously.

$60m+ is where proper market participants begin to step in.

5️⃣ Tekcapital’s retained stake could re-rate sharply.

At a $60–75m IPO, Tek’s NAV uplift becomes significant, and the discount won’t stay this wide forever.

None of this is hype.

None of it is guessing.

This is just reading what’s already in the filings, understanding institutional behaviour.

The true value will only be known at pricing, but the signals so far all point in the same direction.

Guident have now executed a reverse stock split

This is not a negative sign.

In U.S. IPO mechanics, a reverse split before listing is normal and expected because:

It gets the share price into the “acceptable” IPO range (usually $4–$10+).

It signals the company is preparing for institutional visibility.

It’s something underwriters typically require before approval.

If an IPO was stalled, abandoned, or in limbo, they would not do this.

A reverse split means:

👉 They are preparing the final share structure for listing.

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This is one of the biggest “we are moving forward” signals you can get.

In short: this is forward motion. Not sideways motion. Not backward motion.

You don’t:

perform a reverse split

update the entire offering section

refresh financials

amend risk factors

change share counts

restate proceeds

revise underwriter language

…unless the IPO is active and moving toward the effective stage.

This is exactly what you see in the 1–2 amendments just before approval.

Clear Breakdown Of The Guidant Filing Today 14/11/2025.

1️⃣ The filing today is genuine progress - not a repeat, not a placeholder.

Guident have submitted a fresh S-1/A amendment with updated financials, updated language, and updated share structure.

A company only does this when the SEC is actively reviewing the IPO.

If the IPO was stalled or abandoned, there would be no updates.

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2️⃣ This amendment confirms the IPO is still alive and in the final SEC review cycle.

The process works like this:

Company files S-1

SEC reviews ➡️ sends comments

Company responds with S-1/A

SEC reviews again ➡️ final comments

Company submits final S-1/A

Underwriters agree pricing

IPO goes effective

424B prospectus is filed

Shares list

Today’s filing shows we are in the last stages before the “effective” approval.

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3️⃣ Timing: could be 2025, but 2026 is increasingly likely.

Because of the calendar:

IPO activity slows sharply in late Nov & December

Underwriters avoid pricing new small caps during the holidays

So unless the SEC clears this within the next couple of weeks, the realistic outcome is:

⏳ Early 2026 (Jan–Feb window)

This is not a failure - it’s standard for small-cap tech IPOs.

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4️⃣ TEK’s progress over the last year has actually been substantial.

Revenues up almost 50%

Multiple commercial deals across the portfolio

NAV strengthening

Multiple RNSs in the last week alone

Tightening spreads

Several identical-sized off-book trades (institutional accumulation pattern)

A long multi-year base structure now maturing technically

The market hasn’t re-priced TEK yet, but the foundation has changed significantly.

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5️⃣ “TEK never moves on IPOs” is outdated.

Previously, TEK’s underlying companies were tiny, illiquid, or early-stage.

Guident is the first to go to market with:

Material revenues

Real commercial traction

U.S. listing

Direct tie-in to a high-value autonomy / AI sector

Multiple strategic announcements backing it

This IPO is a different scale entirely.

---

6️⃣ Bottom line

Today’s filing is not a backward step - it is confirmation the IPO is still progressing and approaching the final stretch.

Whether the listing lands in December or early 2026 is purely down to SEC timing and holiday market conditions, not company readiness.

Everything remains on track.

Big news today: Guident (TEK’s portfolio company) has officially filed its S-1/A (13 Nov 2025) setting the IPO at $7.80-$9.80/share, fully diluted ~4.9 m shares.

Why this matters for TEK:

That mid-point implies Guident’s value at ~US$43-45 m - which lifts TEK’s stake well beyond what the market currently gives TEK.

Listing on NASDAQ opens up global liquidity and shines a spotlight on TEK’s portfolio work.

The use-of-proceeds is clearly growth-oriented (RMCC platform, robots, AV) - not just an “exit” rinse-and-repeat.

Caveats: early stage, small float, execution risk still real.

Verdict: The latent value in TEK’s portfolio is now unambiguously in motion. This isn’t “someday maybe” - it’s now. For holders: stay alert. For new buyers: this one is no longer hidden.

Was today’s filing “just an amendment”?

Technically: yes, it is labelled S-1/A (the “A” means Amendment).

But in IPO language: this is the amendment that finalises the offering details and signals the IPO is moving into the final stage.

https://www.sec.gov/Archives/edgar/data/2066926/000182912625009141/guidentcorp_s1a2.htm