Tern Plc

TERN

GB00BFPMV798

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:08 2024-04-26 am EDT			5-day change	1st Jan Change
2.7 ^GBX	+3.85%		0.00%	-20.00%

Apr. 26	Bank of Japan Holds Policy Steady, Despite Slumping Yen	MT
Apr. 12	AIM WINNERS & LOSERS: Bens Creek falls as it lays off workers	AN

Tern raises GBP400,000 to invest in portfolio companies

January 24, 2024 at 05:56 am EST

(Alliance News) - Tern PLC on Wednesday said it has raised GBP400,000 through a placing of shares.

Tern is a London-based investor in early-stage 'internet of things' technology businesses.

The company said it has raised GBP400,000 through a placing of 20.0 million shares priced at 2.0 pence each.

The placing price represents a discount of 30% to the share's closing price of 2.88p on Monday.

Tern shares fell 30% to 2.00p each in London on Wednesday morning.

The placing shares will represent around 4.9% of Tern's share capital, following the fundraise.

The proceeds of the placing will be used to provide the company with funds to invest further in "one or more" of Tern's portfolio companies in the near term and for general corporate purposes.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BIST 30	10,732 PTS	+2.39%	+4.30%	-
	TERN PLC	2.7 GBX	+3.85%	0.00%	14.37M

Latest news about Tern Plc

Bank of Japan Holds Policy Steady, Despite Slumping Yen	Apr. 26	MT
AIM WINNERS & LOSERS: Bens Creek falls as it lays off workers	Apr. 12	AN
Tern Raises GBP420,000 to Fund Investments	Apr. 12	MT
Tern down after raising GBP420,000 via discounted placing	Apr. 12	AN
Tern investee reports "substantial interest" from industry leaders	Apr. 09	AN
AIM WINNERS & LOSERS: Tern rises on Talking Medicines quarterly update	Apr. 09	AN
Coinbase Global's Trading Volume Likely Doubles in Q1, Oppenheimer Says	Apr. 04	MT
Transcript : Tern Plc - Special Call	Mar. 26
North American Morning Briefing : Stocks Struggle After New Records	Mar. 22	DJ
Terns Pharmaceuticals Gets Orphan Drug Label for Chronic Myeloid Leukemia Treatment Candidate	Mar. 11	MT
Cindrigo seeks Croatian exploration licence extension	Mar. 08	AN
People's Bank of China Leaves Policy Rate Unchanged	Feb. 19	MT
Tern's Portfolio Company Device Authority Completes Second Closing of Tranche One in Fundraising	Feb. 07	MT
Tern announces additional fundraise for Device Authority	Feb. 07	AN
Genflow wins new research grants; Seeen margin rises	Feb. 01	AN
Tern Portfolio Company Talking Medicines Issues Convertible Loan Notes	Feb. 01	MT
Talking Medicines Limited announced that it has received £0.44 million in funding from Tern Plc	Jan. 31	CI
Tern Raises Funds to Invest in Portfolio Companies; Stock Plummets	Jan. 24	MT
Tern raises GBP400,000 to invest in portfolio companies	Jan. 24	AN
India's GAIL signs 10-yr LNG purchase deal with Vitol	Jan. 05	RE
Tern completes first tranche of Device Authority fundraise	Dec. 28	AN
Tern's Device Authority Raises $4 Million in First Tranche of Fundraising	Dec. 28	MT
Tern plunges as Device Authority announces USD7.3 million fundraising	Dec. 27	AN
AIM WINNERS & LOSERS: Horizonte Minerals secures funds for Araguaia	Dec. 27	AN
Tern's Device Authority Ltd. to Raise $7.3 Million in Fundraising Round	Dec. 27	MT

Tern Plc is a United Kingdom-based investment company. The Company specializes in private software companies, predominantly in the Internet of Things (IoT). The Company predominantly supports software companies that develop commercial IoT security, enablement, and analytics solutions for the healthcare and industrial sectors. Its network of companies includes Device Authority Limited, Wyld Networks AB (Wyld Networks), InVMA Limited (trading as Konektio), FVRVS Limited (trading as FundamentalVR), Talking Medicines Limited (Talking Medicines), DiffusionData Limited, and Sure Valley Ventures UK Software Technology Fund (SVV). Device Authority Limited is involved in identity and access management (IAM) for the IoT and blockchain. FundamentalVR delivers virtual reality (VR) haptic flight simulators for surgery. Wyld Networks develops and sells wireless technology solutions that enable connectivity anywhere in the world. Talking Medicines is a data technology company.

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2024-09-17 - Q2 2024 Earnings Release (Projected)

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TERN PLC	-20.00%	14.37M
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Tern Plc

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TERN

GB00BFPMV798

Investment Management & Fund Operators

Tern raises GBP400,000 to invest in portfolio companies

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