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| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2021-09-07 | £16.5M |
| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| MAINSPRING NOMINEES (2) LIMITEDCORP | B PREFERRED, SERIES A | 64,856 | 25.7% |
| 8888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 88888888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 888888888888888888 | 8888888888 | 888888 | 8888 |
| 8888888888888 | 88888888 | 888888 |
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Capital raised per employee divides the equity TYK TECHNOLOGIES LIMITED raised in the last six months by the headcount in its most recent filed accounts. It is a rough read on how capital-intensive the business is: a high figure means the company is raising a lot relative to the number of people it employs, which is typical of hardware, biotech and other research-heavy businesses. Headcount comes from annual accounts and so lags the funding date, often by a year or more.
A share class is a category of shares carrying its own rights over voting, dividends and what happens to the money if the company is sold or wound up. UK companies typically issue Ordinary shares to founders and employees, then create a new Preferred class at each funding round, giving investors priority on proceeds ahead of the Ordinary holders. TYK TECHNOLOGIES LIMITED has 4 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
THE B PREFERRED SHARES HAVE ATTACHED TO THEM FULL VOTING AND DIVIDEND RIGHTS AND PRIORITY CAPITAL DISTRIBUTION (INCLUDING ON WINDING UP) RIGHTS. THE SHARES ARE NOT REDEEMABLE
THE RIGHTS OF THE G SHARES TO PARTICIPATE IN A RETURN OF CAPITAL ON LIQUIDATION OR ON SALE OF THE COMPANY ARE RESTRICTED SUCH THAT THE G SHARES WOULD ONLY PARTICIPATE IN THE RETURN OF CAPITAL OR SALE PROCEEDS ONCE THE GROWTH SHARE HURDLE OF £26,250,000 WAS ACHIEVED.
ORDINARY SHARES PER THE ARTICLES AND SHAREHOLDER AGREEMENT
SERIES A SHARES PER THE ARTICLES AND SHAREHOLDER AGREEMENT
These are the directors and secretaries who have left TYK TECHNOLOGIES LIMITED. A resignation is filed with Companies House on form TM01 and the date below is the date the officer's appointment ended, not the date it was filed. Departures matter for reading a company's history: a founder leaving shortly after a funding round, or several directors resigning at once, is often the visible trace of a change of control or a restructure.
| 8888 |
| 8888888888888 | 88888888 | 888888 | 8888 |
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