Tern Share Discussion Threads

[tullynessle] 25/4/2024 08:08

Last paragraph in today's RNS


* Pursuant to Tern's funding facility announced on 12 June 2023, under which £307,692 is currently drawn down, Tern is required to maintain in escrow shares in Wyld at a value of not less than 1.5 times the value of outstanding amounts drawn down and accrued interest, as security for the Facility.

[flesh] 25/4/2024 08:07

Kicked in the ‘nads again! 800k raised in 3mths and 140k spent? We’ve been told that they were urgent raises, hence bucket shop raise - yet nothing since.

[homtanks] 25/4/2024 08:06

As i see it they still have most of the placing monies, wyld warrants paid for by themselves from warrants sold, 2 X £420k raised by placing, $175k from DA so thats around £800k in the bank after only £100k paid to TM.

[still waiting] 25/4/2024 08:01

TM the new home for the cash ?

It’s growth and exit multiples for ai might actually make sense, Wyld just can’t get a rise, anyone remember that 24SEK broker target.

[jonc] 25/4/2024 07:59

Any apologies from the rampers for a .027 share price?

[still waiting] 25/4/2024 07:59

90% holding down to 20% with f all back to investors, great plan so far.

How these guys sleep at night is the intriguing thing, they must be tormented by demons, if not they should be.

[dave444] 25/4/2024 07:52

Any apologies from those saying TERN had sold and was selling WYLD?????

[jonc] 25/4/2024 07:45

Far better to pay BoD salaries than take up warrants.After all this is the AIM shareholder milking machine.

[wardy333] 25/4/2024 07:34

They obviously sold the warrants they have not held at a profit, how much that raised and at what price is unknown, would think most warrants would be taken up ,we still have a decent holding in Wyld , most thought they were the big daily sellers there, seems not.
Also good news they have not drawn down all of the £500k on the loan.

[onsideman] 25/4/2024 07:31

tburns 25 Apr '24 - 07:24 - 349023 of 349024

I stand to be corrected but almost as many again, I think

[dave444] 25/4/2024 07:26

Obviously not if you calculate the relevant prices

[tburns] 25/4/2024 07:24

Anyone know how many Wyld T04 warrants Tern chose not to take up? No idea why they would not just fill their boots with every warrant they could at SEK 1.83

[homtanks] 25/4/2024 07:23

Did they pay for the warrants from sale of the warrants not taken up or from placing money hmmm

[dave444] 25/4/2024 07:19

On current prices selling the warrants would put you in profit if you bought back the shares now

[dave444] 25/4/2024 07:18

As per announcement prior to warrant exercise TERN held c3.86m shares!

[onsideman] 25/4/2024 07:17

Didn't even buy up their full entitlement. How inspiring. Must have a very good home identified for the remaining £700k that they crashed the share price to raise!

Can't wait to hear all about it and their reasoning

[wardy333] 25/4/2024 07:15

As we thought they are not the sellers at Wyld.
Holdings reduced because of the warrants.

[homtanks] 25/4/2024 07:13

Tern's holding in Wyld Networks will reduce to 19.6%* and a further announcement regarding Tern's resultant percentage holding in Wyld Networks will be made when the TO4 warrant exercise process is completed.

[homtanks] 25/4/2024 07:10

Tern PLC Exercise of warrants held in Wyld NetworksSource: RNS Regulatory NewsRNS Number : 9384LTern PLC25 April 2024 25 April 2024 Tern Plc("Tern" or the "Company") Exercise of warrants held in Wyld Networks Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, announces that it has exercised 245,699 TO4 warrants held by Tern in Wyld Networks AB ("Wyld Networks"). Tern will pay SEK 449,629 (approximately £33,400) to exercise these TO4 warrants to subscribe for 245,699 shares in Wyld Networks at SEK 1.83 per share, and this will be funded from Tern's existing cash balances. Tern has sold the remaining TO4 warrants that it held in Wyld Networks.Prior to the completion of the TO4 warrant exercise, Tern held 22.5%* of Wyld Networks' issued share capital. The subscription period for the in aggregate, 3,839,998 TO4 warrants commenced on 15 April 2024 and will end on 29 April 2024. Following Tern's exercise of TO4 warrants, Tern will hold a total of 4,106,666* shares in Wyld Networks. Assuming that all of the outstanding TO4 warrants are exercised, Tern's holding in Wyld Networks will reduce to 19.6%* and a further announcement regarding Tern's resultant percentage holding in Wyld Networks will be made when the TO4 warrant exercise process is completed.Further information on Wyld NetworksWyld Networks, quoted on the NASDAQ First North Growth Market in Stockholm, enables affordable connectivity across the globe in areas where wireless coverage is unavailable. The company specialises in providing wireless connectivity between IoT sensors and Low-Earth-Orbit satellites via its Wyld Connect solution. Wyld's IoT network management platform, Wyld Fusion, can be used in a diverse range of sectors and use cases including energy, utilities, agriculture, logistics, maritime and environmental monitoring.Based on Wyld Networks' latest unaudited interim report announced by Wyld Networks on 27 March 2024, as at 31 December 2023 it had net assets of SEK 6.684 million (approximately £0.49 million) and incurred a net loss for the 12 month period ended 31 December 2023 of SEK 47.517 million (approximately £3.5 million).Further information can be found at: https://wyldnetworks.com* Pursuant to Tern's funding facility announced on 12 June 2023, under which £307,692 is currently drawn down, Tern is required to maintain in escrow shares in Wyld at a value of not less than 1.5 times the value of outstanding amounts drawn down and accrued interest, as security for the Facility. Enquiries Tern PlcIan Ritchie (Chairman)via IFC Advisory Allenby Capital Limited(Nominated Adviser and Broker)Alex Brearley / Dan Dearden-Williams (Corporate Finance)Kelly Gardiner / Guy McDougall (Sales and Corporate Broking) Tel: [phone] IFC Advisory(Financial PR and IR)Tim MetcalfeGraham HerringFlorence Chandler Tel: [phone] This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END IOEIIMLTMTITBII

[andrbea] 24/4/2024 17:12

DA attending events in San Francisco, Berlin and Michigan.

[tburns] 24/4/2024 16:36

Great post Vitec, coinage delivered in case it comes in handy!

[tullynessle] 24/4/2024 16:35

Cision / Wyld Networks

The last day of trading with the warrants of series TO4 in Wyld Networks AB is today, April 24, 2024
WED, APR 24, 2024 08:30 CET


Today, April 24, 2024, is the last day of trading with the warrants of series TO4 in Wyld Networks AB (“Wyld Networks” or “the Company”). The subscription period for the warrants of series TO4 runs up until April 29, 2024. Each warrant of series TO4 gives the owner the right to subscribe for one (1) new share in the Company. The exercise price for the warrants of series TO4 is SEK 1.83 per share.

If all the warrants of series TO4 are exercised, the Company will receive approximately SEK 7.0 million before issuing costs. For the warrants to not expire without value, it is required that the holder actively subscribes for new shares no later than April 29, 2024, or sell the warrants no later than April 24, 2024. Please observe that certain nominees might close their application earlier than April 29, 2024.


Summarized terms for the warrants of series TO4:

Subscription period: April 15, 2024 – April 29, 2024.

Issue size: 3,839,998 warrants of series TO4, which entitles to subscription of 3,839,998 shares. If all warrants are exercised, the Company will receive approximately SEK 7.0 million before issuing costs.

Exercise price: SEK 1.83 per share.

Last day for trading warrants of series TO4: April 24, 2024.

Share capital and dilution: If all warrants are exercised the share capital will increase with SEK 320,410.60, from SEK 1,429,061.47 to SEK 1,749,472.07. If all warrants are exercised the number of shares in the Company will increase with 3,839,998 shares, from 17,126,753 shares to 20,966,751 shares. In the event that all warrants of series TO4 are exercised, the dilution amounts to approximately 18 percent of the number of shares and votes in the Company.

News release continues....

[haydock] 24/4/2024 16:32

Cheers Vitec. Good to see you are still buying Term.
Your buying reflects the new strength to be found, if only temporarily once the manipulation begins, in the japanese cloud, British Bulls & Barchart.

They are all reflecting the upside, on no news, very interesting.