By Josh White
Date: Tuesday 04 Jan 2022
LONDON (ShareCast) - (Sharecast News) - Intellectual property investor Tekcapital announced on Tuesday that Salarius' US subsidiary MicroSalt has completed an oversubscribed Reg CF crowdfund, having achieved its goal of $0.75m.
The AIM-traded firm described its subsidiary company Salarius as the developer and manufacturer of a proprietary low-sodium salt, branded 'MicroSalt'.
"MicroSalt, Salarius' US operating subsidiary, aims to revolutionise the food industry with its patented better-for-you salt, that delivers the full-flavour experience of salt with roughly half the sodium.
"MicroSalt is all-natural, non-GMO, and Kosher.
"Additionally, the ultra-small particle size enhances product adhesion, which reduces waste and provides improved flavour consistency."
Tekcapital owns 97.2% of Salarius, and approximately 76% of MicroSalt, with MicroSalt's current post-money valuation standing at $5.75m.
At 1607 GMT, shares in Tekcapital were up 5.81% at 32.8p.
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Currency | UK Pounds |
Share Price | 10.50p |
Change Today | 0.90p |
% Change | 9.38 % |
52 Week High | 17.00 |
52 Week Low | 6.25 |
Volume | 941,288 |
Shares Issued | 198.19m |
Market Cap | £20.81m |
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No dividends found |
Time | Volume / Share Price |
16:21 | 43 @ 10.99p |
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16:10 | 30,000 @ 10.92p |
15:34 | 50,000 @ 10.30p |
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