Tekcapital
TEK · AIM · Technology · mcap £7.3m · 2.4p 2 open situations →
- EV
- £6.5m
- EV / EBIT
- –
- Net cash
- £309k
- FCF yield
- -18.6%
- Revenue
- £338k
- Share price 1y
- −75%
- Insiders 12m
- no deals
- Next report
- in November ●
Timeline · every situation
dots = announcementsOpen · 2
Project milestones
Vesari geothermal AI portfolio company
Patents pending; valuation sensitivity corrected 21 Aug
Tekcapital Europe was granted 51% of Vesari for no cash on 22 May 2026; Dr. Gross holds 49%. Eleven pending US patent applications (assignment recorded 22 June 2026) were valued by Cardinal IP at about US$293m, driving the H1 NAV rise. On 21 Aug 2026 a typo in the note 6 sensitivity was corrected; valuation unchanged. Early reverse merger talks continue.
- Stake
- Tekcapital 51% (nil cash, May 2026); Dr. Gross 49% 21 Aug 2026 ↗
- Patents
- Eleven non-provisional US applications, still pending; assignment recorded 22 June 2026 21 Aug 2026 ↗
- Valuation
- About US$293m at 30 June 2026 (Cardinal IP, IFRS 13) 21 Aug 2026 ↗
- Listing route
- Early talks on reverse merger or de-SPAC with financing; no certainty 21 Aug 2026 ↗
- Next milestone
- 2026 bid for Great Basin BLM leases, subject to sufficient funding 21 Aug 2026 ↗
- Sensitivity
- Revenue forecast -20% cuts value ~US$24.9m; +20% adds US$29.9m (corrected 21 Aug 2026) 21 Aug 2026 ↗
Next: Bid for exclusive Great Basin BLM leases, subject to funding
- 21 Aug 2026 Patents pending; valuation sensitivity corrected 21 Aug
- 6 Aug 2026 Patents filed and pending; valued at US$293m
- 22 May 2026 Formed; 51% held; patents not yet filed
Upgrade / downgrade cycle
Results ahead of expectations
ahead of expectations
Tekcapital said it is trading ahead of expectations on 6 Aug 2026; the shares moved +9% on the day.
- 6 Aug 2026 ahead of expectations · +9% on the day
Company filings. Not investment advice.