Rand Capital Receives $13.1M From Previously Reported Sale Of SciAps Inc.
Portfolio Pulse from Benzinga Newsdesk
Rand Capital Corporation announced the completion of the sale of its portfolio company, SciAps, Inc., to Spectris plc, resulting in $13.1 million in proceeds, exceeding the previous valuation of $10.8 million.
August 28, 2024 | 8:24 pm
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Rand Capital Corporation completed the sale of SciAps, Inc., receiving $13.1 million, which is higher than the previous valuation of $10.8 million. This successful transaction could positively impact Rand's financial position.
The sale of SciAps, Inc. resulted in proceeds of $13.1 million for Rand Capital, which is higher than the previous valuation of $10.8 million. This indicates a successful transaction and could improve Rand's financial standing, likely leading to a positive short-term impact on its stock price.
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