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Tern plc ( (GB:TERN) ) has issued an update.
Tern plc announced the results of its underwritten Open Offer to Qualifying Shareholders, which closed on 28 July 2025. The offer saw a 43% take-up rate, with 27,704,433 Open Offer Shares subscribed by shareholders. The remaining shares will be taken up by the underwriter, CMC Markets UK plc. The issuance of 64,248,646 Open Offer Shares is expected to raise approximately £642,486 for the company, enhancing its financial position and potentially impacting its market operations.
More about Tern plc
Tern plc is a company focused on value creation from Internet of Things (IoT) technology businesses.
Average Trading Volume: 2,545,228
Technical Sentiment Signal: Strong Sell
Current Market Cap: £6.26M
For a thorough assessment of TERN stock, go to TipRanks’ Stock Analysis page.
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