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An announcement from Tern plc ( (GB:TERN) ) is now available.
Tern Plc has announced an Open Offer to raise up to £642,486 by issuing up to 128,497,293 Open Offer Shares at a price of 0.50p per share. This initiative is aimed at providing existing shareholders the opportunity to participate proportionally to their current holdings. The company is not underwriting the offer, and the shares are expected to commence trading on AIM on 16 October 2025. The move comes as Tern Plc continues to focus on cost control and operational efficiency amidst a challenging macroeconomic environment for early-stage technology businesses. The company is optimistic about the progress of its portfolio companies, although it acknowledges that immediate exit opportunities may not be favorable.
More about Tern plc
Tern Plc is a company focused on value creation from Internet of Things (IoT) technology businesses. It is involved in maximizing the value of its portfolio companies and investments, aiming for successful exits to provide strong returns for shareholders.
Average Trading Volume: 1,881,207
Technical Sentiment Signal: Sell
Current Market Cap: £4.02M
For an in-depth examination of TERN stock, go to TipRanks’ Overview page.