Tekcapital plc Lucyd Proposed IPO in the United States (4640P)
19 October 2021 - 6:00PM
UK Regulatory
TIDMTEK
RNS Number : 4640P
Tekcapital plc
19 October 2021
. This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
19 October 2021
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update: Lucyd Ltd ("Lucyd")
Filing of Draft Registration Statement for IPO of
Innovative Eyewear, Inc. in the United States
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF) is pleased to announce
that Innovative Eyewear Inc., a U.S. operating subsidiary of its
portfolio company Lucyd Ltd, submitted a draft registration
statement on a confidential basis with the U.S. Securities and
Exchange Commission (the "SEC"), for a proposed initial public
offering ("IPO") of shares of its common stock in the United
States. Tekcapital currently owns 100% of the share capital of
Lucyd Ltd and approximately 80% of the share capital of Innovative
Eyewear, Inc.
The number of shares of common stock to be sold and the price
range for the proposed IPO have not yet been determined. Innovative
Eyewear intends to commence the IPO following completion of the SEC
review process, subject to market and other conditions.
At this stage there can be no certainty on the IPO proceeding
nor the terms or timing of the IPO. Further announcements will be
made, as required, in due course.
This announcement is being made pursuant to and in accordance
with Rule 135 under the Securities Act of 1933, as amended (the
"Securities Act"). As required by Rule 135, this press release does
not constitute an offer to sell or the solicitation of an offer to
buy securities, and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of that jurisdiction. 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.
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
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