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The latest update is out from Tern plc ( (GB:TERN) ).
Tern Plc has successfully raised £400,000 through a share placing, issuing 30,769,231 new ordinary shares at a price of 1.3 pence per share. The proceeds from this placing are intended to further invest in Tern’s portfolio companies and cover general corporate expenses, potentially enhancing the company’s strategic position within the IoT investment landscape.
More about Tern plc
Tern Plc is an investment company that specializes in supporting high-growth, early-stage disruptive Internet of Things (IoT) technology businesses. The company focuses on fostering innovations within the IoT sector, providing financial backing to promising startups that have the potential to revolutionize the industry.
YTD Price Performance: -53.45%
Average Trading Volume: 3,746,884
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.66M
Find detailed analytics on TERN stock on TipRanks’ Stock Analysis page.
