Tern Plc (LSE:TERN) has announced an Open Offer to raise up to £642,486 by issuing up to 128,497,293 shares at 0.50p each. The initiative allows existing shareholders to participate proportionally to their current holdings. The offer is not underwritten, and trading of the new shares on AIM is expected to begin on 16 October 2025.
The fundraising supports Tern’s focus on cost control and operational efficiency amid a challenging macroeconomic environment for early-stage technology ventures. While immediate exit opportunities for its portfolio companies remain limited, management remains optimistic about their longer-term progress.
About Tern Plc
Tern Plc is an investment company focused on creating value from Internet of Things (IoT) technology businesses. The company aims to maximise the value of its portfolio companies and investments, targeting successful exits that deliver strong returns for shareholders.
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