Tern Plc (LSE:TERN) has announced an underwritten Open Offer to raise approximately £642,486 by issuing 64,248,646 shares at 1.00p each. The offer provides qualifying shareholders the opportunity to participate and is fully underwritten by CMC Markets UK Plc. Proceeds will support Tern’s strategy to maximize value from its portfolio companies through strategic exits or reinvestment opportunities. The Open Offer is conditional on AIM admission, with trading expected to begin on 31 July 2025.

More about Tern Plc

Tern Plc focuses on value creation in the Internet of Things (IoT) sector, nurturing early-stage tech companies and enhancing their growth prospects. The company leverages strategic partnerships and market expansion, particularly targeting opportunities in the USA.

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