Tern plc (LSE:TERN) has raised approximately £151,136 through its Open Offer, which closed on 14 October 2025. The fundraising involved the issuance of 30,227,239 new Ordinary Shares and comes after shareholders rejected a proposal at the AGM to issue new shares without pre-emption rights.
In parallel, the company has introduced significant cost-saving measures, including a 50% pay cut for directors and executive managers, to extend its cash runway into the first quarter of 2026. Tern is also exploring alternative financing options to meet its funding needs, though these may involve more expensive or dilutive structures.
The company’s financial outlook remains weak, with ongoing revenue declines, negative profitability, and bearish technical indicators. A negative P/E ratio and lack of dividend yield further weigh on sentiment.
About Tern plc:
Tern focuses on building value from investments in Internet of Things (IoT) technology businesses.
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