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 | 8.00p |
Change Today | -0.35p |
% Change | -4.19 % |
52 Week High | 17.00p |
52 Week Low | 6.25p |
Volume | 528,724 |
Shares Issued | 198.19m |
Market Cap | £15.86m |
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No dividends found |
Time | Volume / Share Price |
16:35 | 58 @ 8.50p |
16:35 | 4,000 @ 8.00p |
16:35 | 4,000 @ 8.00p |
15:15 | 3,124 @ 8.45p |
15:12 | 793 @ 8.45p |
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