Tern launches discounted open offer to fund IoT portfolio strategy

Tern plc ( (GB:TERN) ) has issued an update.

Tern plc has launched a pre-emptive open offer to raise up to £384,408 before expenses, issuing up to 96.1 million new shares at 0.40p each, a 20% discount to the latest market price. Qualifying shareholders can subscribe for one new share for every seven held, with the offer not underwritten and admission of the new shares to AIM expected on 4 March 2026, subject only to their admission.

The board says proceeds will support its strategy of maximising value from its IoT portfolio as it seeks exits at appropriate valuations rather than accepting near-term offers at steep discounts. In response to shareholder pressure to preserve capital, Tern has also implemented further material cost reductions in late 2025 to minimise corporate overheads and concentrate resources on its core investments.

The most recent analyst rating on (GB:TERN) stock is a Sell with a £0.43 price target. To see the full list of analyst forecasts on Tern plc stock, see the GB:TERN Stock Forecast page.

Spark’s Take on GB:TERN Stock

According to Spark, TipRanks’ AI Analyst, GB:TERN is a Underperform.

The score is primarily held down by poor financial performance (sharp revenue contraction, heavy losses, and negative operating/free cash flow). Technicals also point to a sustained downtrend with only tentative oversold stabilization signals. Valuation is difficult to support given negative earnings and no dividend yield data.

To see Spark’s full report on GB:TERN stock, click here.

More about Tern plc

Tern plc is an AIM-quoted investment company focused on value creation from early-stage Internet of Things technology businesses. Its current direct portfolio includes Device Authority, FVRS and Talking Medicines, with a strategy centred on achieving value through eventual exits from these investments for shareholders.

Average Trading Volume: 2,286,174

Technical Sentiment Signal: Sell

Current Market Cap: £3.36M

See more insights into TERN stock on TipRanks’ Stock Analysis page.