Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from Tern plc ( (GB:TERN) ) is now available.
Tern plc has completed an open offer to qualifying shareholders, receiving valid acceptances for 78,163,662 new ordinary shares, or about 81% of the 96,101,957 shares available. The capital raise will generate approximately £312,654 before expenses at an issue price of 0.40 pence per share, with details on the use of proceeds to follow.
Participation included interim chair Iain Ross and CEO and PDMR Albert Sisto, with part of Sisto’s subscription funded via the conversion of a US$42,000 loan from a vehicle he controls. Following admission of the new shares to trading on AIM, expected on 4 March 2026, Tern’s enlarged share capital will total 750,877,367 ordinary shares, setting a new base for shareholder voting rights and regulatory disclosures.
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, listed on AIM under the ticker TERN, is an investment company focused on creating value from Internet of Things technology businesses. The company backs and develops IoT ventures, positioning itself to benefit from the growing demand for connected devices and related digital solutions across multiple sectors.
Average Trading Volume: 2,193,823
Technical Sentiment Signal: Sell
Current Market Cap: £3.46M
Learn more about TERN stock on TipRanks’ Stock Analysis page.