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The latest announcement is out from Tern plc ( (GB:TERN) ).
Tern plc has launched an open offer to raise up to £643,609 before expenses via the issue of up to 107.27 million new shares at 0.60p each, a 20% discount to the prior closing price. Qualifying shareholders can subscribe for one new share for every seven held as at the record date, with the offer open until 7 May 2026 and the new shares expected to begin trading on AIM on 11 May, subject to shareholder approval.
The fundraising is not underwritten and is contingent on resolutions being passed at a general meeting on 8 May 2026, after which directors will be authorised to place any unsubscribed shares with third parties on terms no more favourable than the offer, potentially diluting existing stakes. Proceeds and any subsequent share allotments are intended to provide additional working capital flexibility and funding options for Tern’s IoT investment strategy, but failure to approve the resolutions would leave the company without the anticipated capital from this issue.
Spark’s Take on TERN Stock
According to Spark, TipRanks’ AI Analyst, 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 TERN stock, click here.
More about Tern plc
Tern plc is an AIM-quoted investment company focused on creating value from Internet of Things technology businesses. The group invests in and supports early-stage and growth-stage IoT ventures, aiming to accelerate commercialisation across connected device, data and related digital markets.
Average Trading Volume: 2,183,488
Technical Sentiment Signal: Sell
Current Market Cap: £6.01M
See more data about TERN stock on TipRanks’ Stock Analysis page.