Placing to Raise £0.55 Million

Tekcapital (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, announces that it has raised £550,000 (US$730,000) before expenses, through the issue of, in aggregate, 24,444,444 new ordinary shares of 0.4 pence each in the Company (the "Placing Shares") at a price of 2.25 pence per share (“Placing Price”), (the “Placing”).

The net proceeds of the Placing will strengthen the Company’s balance sheet and support the continued execution of its investment strategy across both existing and new portfolio companies.

Portfolio Update

Guident

We are excited about Guident's continued commercial progress. Their transition from pilot contracts to long-term commercial agreements is well underway, including a recent 3-year contract for robotic monitoring announced in August 2026. We anticipate continued revenue growth across mobility, robotics and public transportation markets inclusive of both US and international deployments. Following their successful fundraising of US$2 million in May 2026, Guident continues to work diligently toward a public listing in the near term. We believe their listing has the potential to further crystallize balance sheet value and broaden participation in its scale-up.

Microsalt

MicroSalt has announced that it has supplied more than 1.5 billion servings of its proprietary low sodium salt. MicroSalt has also recently announced an oversubscribed raise of $1.7m. MicroSalt's board is optimistic that the third product line from Customer 3, one of the world’s largest snack and beverage companies, will be received during the final quarter of 2026. That product line is expected to significantly increase MicroSalt's monthly revenue and move it toward being cash flow positive. Additionally, MicroSalt's board remains confident in its growth trajectory and reaffirmed its revenue estimate for FY27 of US$15 million.

Innovative Eyewear

Innovative Eyewear continues with its commercial growth, as evidenced by 12 consecutive year-over-year quarterly sales growth as of 30 June 2026. Following 30 June 2026, Innovative announced (1) expansion into more than 150 stores of one of the largest Big Box retailers in the United States, and (2) a partnership with Canadian optical retailer FYidoctors and Visique clinics for the 2026 rollout of Lucyd Armor® smart safety eyewear in 345 FYidoctors and Visique clinics. Initial product placement has already commenced. Additionally, commercial use tests are underway with the following companies: DHL, ExxonMobil, ThermoKing, ABM Inc., and Fastenal.

Vesari

Most importantly, Vesari Inc. has announced that it has engaged ARC Group International Limited (“ARC”) as its capital markets adviser in connection with a contemplated business combination with a to-be-identified special purpose acquisition company (“SPAC”) and a related financing. Vesari’s technology addresses major AI buildout bottlenecks by eliminating transmission constraints, reducing exposure to price volatility, eliminating the burden on public electricity infrastructure and providing 24/7 carbon-free baseload compute. The intellectual property position comprises twelve United States patent applications filed to date, covering a four-layer closed-loop campus architecture spanning subsurface heat extraction, power conversion and thermal management, compute integration, and a low-earth-orbit optical connectivity layer. Vesari’s patent portfolio has been independently valued at $293m as of 30 June 2026.

Vesari plans to bid on and seeks to secure the exclusive lease rights to one or more properties in the Great Basin from the U.S. Bureau of Land Management to build its first campus.

Admission and Total Voting Rights

Application has been made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 2 October 2026.

Following the issue of the Placing Shares, which, on Admission, will rank pari passu with the existing Ordinary Shares, the total number of Ordinary Shares in issue with voting rights in the Company will be 281,622,969. There are no shares held in treasury.

The above figure of 281,622,969 Ordinary Shares may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Clifford M. Gross Ph.D., Executive Chairman of Tekcapital commented:

“We appreciate the continued support of Tekcapital’s shareholders and their participation in this placing. Overall, we believe the next 12 months will be transformative for Tekcapital and likely to produce a corresponding significant increase in shareholder value.”

Clifford M. Gross, Ph.D.

Tim Thompson/Andrea Seymour/Fergus Mellon