Tern Plc (LSE:TERN) has extended the term of its existing loan facility to conserve cash and provide greater flexibility in managing potential capital requirements for its investments. The outstanding loan balance of approximately £150,000 will now be repayable by 5 March 2026, accruing interest at a rate of 1.00% per month.
About Tern Plc
Tern Plc is an investment company focused on supporting high-growth, early-stage companies in the disruptive Internet of Things (IoT) sector. Its strategy emphasizes backing innovative technologies with strong growth potential.
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