Rand Capital Corporation Announces Completion Of SciAps, Acquisition By Spectris Plc, Yielding $13.1M In Proceeds, Exceeding Prior Valuation Of $10.8M
Portfolio Pulse from Benzinga Newsdesk
Rand Capital Corporation has completed the sale of its portfolio company, SciAps, to Spectris Plc, resulting in $13.1 million in proceeds. This amount exceeds the previous valuation of $10.8 million.
August 28, 2024 | 8:26 pm
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Rand Capital Corporation successfully sold its portfolio company, SciAps, to Spectris Plc, generating $13.1 million, which is higher than the previous valuation of $10.8 million.
The completion of the SciAps sale to Spectris Plc for $13.1 million, exceeding the prior valuation of $10.8 million, is a positive financial outcome for Rand Capital. This suggests effective asset management and could lead to a positive short-term impact on RAND's stock price.
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