Salarius completes oversubscribed crowdfund

LONDON, UK: Tekcapital Plc announced that Salarius’ U.S. subsidiary MicroSalt Inc has completed an oversubscribed Reg CF Crowdfund, having achieved its goal of $750,000.

Salarius, is the developer and manufacturer of a proprietary low-sodium salt called MicroSalt®. We are passionate about improving people’s lives by providing the best low-sodium salt.

MicroSalt, Inc., Salarius’ U.S. operating subsidiary, aims to revolutionize the food industry with its patented better-for-you salt that delivers the full-flavour experience of salt with roughly half the sodium. MicroSalt is all-natural, non-GMO, and Kosher. Additionally, the ultra-small particle size enhances product adhesion, which reduces waste and provides improved flavor consistency.

MicroSalt and SaltMe are registered trademarks of MicroSalt Inc. www.microsaltinc.com

Tekcapital owns 97.2% of the share capital of Salarius Ltd. and approximately 76% of the share capital of MicroSalt Inc., its U.S. subsidiary. The current post-money valuation of MicroSalt Inc. is U.S. $5.75m.

Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange and is headquartered in the UK. www.tekcapital.com