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Tekcapital shares drop after $2m placing to support AI investment
Shares in Tekcapital PLC (LSE:TEK) fell 17% to 8.6p on Tuesday after the UK intellectual property investment group announced a $2.05 million (£1.5 million) conditional placing to fund its growth strategy, including new opportunities in generative artificial intelligence. The investment round, priced at 8p per share (a more than 20% discount to Monday's closing price), was arranged by CMC Markets UK, trading as CMC…
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