Tern Plc

Equities

TERN

GB00BFPMV798

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 09:05:21 08/05/2024 pm IST			5-day change	1st Jan Change
3.65 ^GBX	-1.35%		+25.86%	+8.15%

03/05	Tern subscription period for Wyld TO4 warrants completes	AN
29/04	Yen Hits 160 to Dollar in Thin Trade as Hopes for Near-Term BOJ Rate Hikes Wane	DJ

Tern down after raising GBP420,000 via discounted placing

April 12, 2024 at 02:14 pm IST

Tern PLC - London-based 'internet of things' technology investor - Raises GBP420,000 via placing 17.5 million shares at 2.4 pence each. The placing price represents a 31% discount to the company's closing price of 3.48p on Thursday. Tern will use the funds to invest in Wyld Networks AB and to invest in at least one more investee, as well as for general corporate purposes.

Current stock price: 2.68 pence each, down 2% on Friday morning in London

12-month change: down 59%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	TERN PLC	3.65 GBX	-1.35%	+25.86%	19.82M
	WYLD NETWORKS AB	2.15 SEK	-7.92%	-5.70%	3.7M

Latest news about Tern Plc

Tern subscription period for Wyld TO4 warrants completes	03/05	AN
Yen Hits 160 to Dollar in Thin Trade as Hopes for Near-Term BOJ Rate Hikes Wane	29/04	DJ
Bank of Japan Holds Policy Steady, Despite Slumping Yen	26/04	MT
AIM WINNERS & LOSERS: Bens Creek falls as it lays off workers	12/04	AN
Tern Raises GBP420,000 to Fund Investments	12/04	MT
Tern down after raising GBP420,000 via discounted placing	12/04	AN
Tern investee reports "substantial interest" from industry leaders	09/04	AN
AIM WINNERS & LOSERS: Tern rises on Talking Medicines quarterly update	09/04	AN
Coinbase Global's Trading Volume Likely Doubles in Q1, Oppenheimer Says	04/04	MT
Transcript : Tern Plc - Special Call	26/03
North American Morning Briefing : Stocks Struggle After New Records	22/03	DJ
Terns Pharmaceuticals Gets Orphan Drug Label for Chronic Myeloid Leukemia Treatment Candidate	12/03	MT
Cindrigo seeks Croatian exploration licence extension	09/03	AN
People's Bank of China Leaves Policy Rate Unchanged	19/02	MT
Tern's Portfolio Company Device Authority Completes Second Closing of Tranche One in Fundraising	07/02	MT
Tern announces additional fundraise for Device Authority	07/02	AN
Genflow wins new research grants; Seeen margin rises	01/02	AN
Tern Portfolio Company Talking Medicines Issues Convertible Loan Notes	01/02	MT
Talking Medicines Limited announced that it has received £0.44 million in funding from Tern Plc	01/02	CI
Tern Raises Funds to Invest in Portfolio Companies; Stock Plummets	24/01	MT
Tern raises GBP400,000 to invest in portfolio companies	24/01	AN
India's GAIL signs 10-yr LNG purchase deal with Vitol	05/01	RE
Tern completes first tranche of Device Authority fundraise	28/12	AN
Tern's Device Authority Raises $4 Million in First Tranche of Fundraising	28/12	MT
Tern plunges as Device Authority announces USD7.3 million fundraising	27/12	AN

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Company Profile

Tern Plc is a United Kingdom-based investment company specializing in supporting high growth, early-stage, disruptive Internet of Things (IoT) technology businesses. The Company predominantly supports software companies that develop commercial IoT security, enablement, and analytics solutions for the healthcare and industrial sectors. Its network of companies includes Device Authority Limited, Wyld Networks AB (Wyld Networks), InVMA Limited (trading as Konektio), FVRVS Limited (trading as FundamentalVR), Talking Medicines Limited (Talking Medicines), DiffusionData Limited, and Sure Valley Ventures UK Software Technology Fund (SVV). Device Authority Limited is involved in identity and access management (IAM) for the IoT. FundamentalVR is a virtual reality and data analysis technology platform. Wyld Networks specializes in providing wireless connectivity between IoT sensors and low earth orbit (LEO) satellites with its Wyld Connect solution (a satellite IoT terminal and module).

Sector

Investment Management & Fund Operators

Calendar

18/09/2024 - Q2 2024 Earnings Release (Projected)

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Sector Venture Capital

	1st Jan change	Capi.
TERN PLC	+8.15%	19.82M
HERCULES CAPITAL, INC.	+18.18%	3.17B
UMBRA COMPANIES INC.	+31.41%	2.06B
HBM HEALTHCARE INVESTMENTS AG	+8.43%	1.5B
OCTOPUS TITAN VCT PLC	-8.46%	1.23B
MOLTEN VENTURES PLC	+6.27%	671M
CION INVESTMENT CORPORATION	+3.80%	631M
VERUSA HOLDING	+33.25%	578M
OCTOPUS APOLLO VCT PLC	-1.12%	498M
WOORI TECHNOLOGY INVESTMENT CO., LTD	+27.48%	476M

Venture Capital